Catholic Charities of the Rio Grande Valley

Analysis

Catholic Charities of the Rio Grande Valley is a registered charity in United States, based in San Juan, TX. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Rio Grande Valley reported income of $8.8m and spending of $7.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.8m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 50% 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 the Rio Grande Valley sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include The Guardian Foundation Inc ($8.8m), Portland Community Reinvestment Initiatives Inc ($8.8m) and University of Maryland Neurology Associates Pa ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $68k (0.9% of expenses). Other salaries and wages came to $290k. At year end it held assets of $36.4m against liabilities of $11.5m, net assets of $24.8m. It reported 14 employees.