Catholic Charities of the Diocese of Covington Inc

Analysis

Catholic Charities of the Diocese of Covington Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities of the Diocese of Covington Inc reported income of $2.2m and spending of $2.5m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Charities of the Diocese of Covington Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Diagnostic Shared Services Inc ($2.2m), Providence Health Foundation ($2.2m) and Famcare Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $86k (3.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.0m against liabilities of $144k, net assets of $5.9m. It reported 24 employees.