Catholic Foundation of the Diocese of St Augustine Inc

Analysis

Catholic Foundation of the Diocese of St Augustine Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Foundation of the Diocese of St Augustine Inc reported income of $2.1m and spending of $2.9m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $2.1m (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of the Diocese of St Augustine Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include American Friends of Biala Yeshiva Inc ($2.1m), Kingdom Bound Ministries Inc ($2.1m) and Ruach Chaim Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $135k (4.6% of expenses). Other salaries and wages came to $176k. At year end it held assets of $45.5m against liabilities of $669k, net assets of $44.9m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.