Catholic Charities

Analysis

Catholic Charities is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Charities reported income of $18.2m and spending of $11.9m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.1m to $18.2m (+199%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include The Conservancy of Southwest Florida Inc ($18.2m), Veterans Multi-Service Center Inc ($18.2m) and Grant-Blackford Mental Health Inc ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $308k (2.6% of expenses). Other salaries and wages came to $3.9m. It paid $160k in professional fundraising fees. At year end it held assets of $29.0m against liabilities of $771k, net assets of $28.3m. It reported 145 employees.