Catholic Charities of Central Texas

Analysis

Catholic Charities of Central Texas is a registered charity in United States, based in Austin, 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 Central Texas reported income of $6.8m and spending of $7.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.8m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 102% 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 Central Texas 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 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include National Childrens Chorus ($6.8m), Corrie Ten Boom Fellowship Incorporated ($6.8m) and Foundations Health and Wholeness Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $485k (6.9% of expenses). Other salaries and wages came to $2.8m. It paid $56k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $790k, net assets of $479k. It reported 75 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.