Catholic Charities of Tennessee Inc

Analysis

Catholic Charities of Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Catholic Charities of Tennessee Inc reported income of $23.6m and spending of $23.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $23.6m (+116%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of Tennessee Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Dare 2 ($23.6m), The Arc Eastern Connecticut Inc ($23.6m) and West Alabama AIDS Outreach Inc ($23.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $268k (1.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.5m against liabilities of $3.0m, net assets of $4.5m. It reported 126 employees.