Catholic Charities of the Roman Catholic Diocese of Paterson

Analysis

Catholic Charities of the Roman Catholic Diocese of Paterson is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities of the Roman Catholic Diocese of Paterson reported income of $7.1m and spending of $5.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $7.1m (+382%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 103%. 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 Charities of the Roman Catholic Diocese of Paterson sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Heritage Hospice Inc ($7.1m), North Central Iowa Mental Health Center Inc ($7.1m) and St Lukes Management Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $217k (3.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.9m against liabilities of $262k, net assets of $2.6m. It reported 40 employees.