Catholic Charities of the Diocese of Memphis Inc

Analysis

Catholic Charities of the Diocese of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Memphis Inc reported income of $7.4m and spending of $7.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $7.4m (+106%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities of the Diocese of Memphis Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Northern California Youth and Family Program ($7.4m), Ican California Abilities Network ($7.4m) and Montessori Academy of Colorado ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $58k (0.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.8m against liabilities of $864k, net assets of $4.0m. It reported 45 employees.