Catholic Climate Covenant

Analysis

Catholic Climate Covenant is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2016, 10 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 Climate Covenant reported income of $2.0m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $713k to $2.0m (+177%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 117%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Climate Covenant sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Greater Severna Park Athletic Association Inc ($2.0m), Independent Colleges & Universities of New Jersey a NJ NP Corp ($2.0m) and Camp Quality USA Incorporated ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $108k (6.6% of expenses). Other salaries and wages came to $728k. It paid $71k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.0m. It reported 16 employees.