New Paradigm of Catholic Charities Inc

Analysis

New Paradigm of Catholic Charities Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, New Paradigm of Catholic Charities Inc reported income of $105k and spending of $142k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $105k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 29%. 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, New Paradigm of Catholic Charities Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include The Christian Loving Care Center Inc of the Greater Kountze Area ($105k), Be Moved ($105k) and North America Taiwanese Professors Association ($105k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 72% of the total. Other salaries and wages came to $15k. At year end it held assets of $420k against liabilities of $18k, net assets of $402k.