Caritas Incorporated

Analysis

Caritas Incorporated is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in December 1957, 69 years ago. 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 December 2022, Caritas Incorporated reported income of $81k and spending of $68k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $36k to $81k (+124%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within LA. Charities of a similar size with the same main cause include Hood Canal Food Bank ($81k), Pennsylvania Bar Trust Fund ($81k) and Waccamaw Housing Inc ($81k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.4% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.