Catholic Education Foundation Inc

Analysis

Catholic Education Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Education Foundation Inc reported income of $8.3m and spending of $6.6m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $8.3m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catholic Education Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Young Scholars of Western Pennsylvania Charter School ($8.3m), Student Cooperative Association Inc ($8.4m) and Midland School Corporation ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $502k (7.6% of expenses). Other salaries and wages came to $522k. At year end it held assets of $40.3m against liabilities of $298k, net assets of $40.0m. It reported 9 employees.