Diocesan Real Estate Inc

Analysis

Diocesan Real Estate Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Diocesan Real Estate Inc reported income of $3.1m and spending of $6.4m, spending 209% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,362 to $3.1m (+48079%), an average of +368% a year. The sharpest change came in the year to December 2020, when income dropped by 371%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Diocesan Real Estate Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Community Care Management Corporation ($3.1m), Restoration House Ministries ($3.1m) and High Sierra Industries Incorporated ($3.1m).

At year end it held assets of $153.9m against liabilities of $44, net assets of $153.9m.