Catholic Foundation of Long Island Inc

Analysis

Catholic Foundation of Long Island Inc is a registered charity in United States, based in Rockville Ctr, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2021, Catholic Foundation of Long Island Inc reported income of $182k and spending of $310k, spending 170% of what it took in. Across the 4 years on record, from August 2019 to December 2021, income fell from $263k to $182k (-31%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 287%. Over the whole period it spent 337% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of Long Island Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Shadow of His Wings Christian Fellowship ($182k), International Missionary Foundation ($182k) and Mark Drake Ministries Inc ($182k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,516 against liabilities of $150k, net assets of -$141k.

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.