Catholic Foundation of Southeastern Massachusetts Inc

Analysis

Catholic Foundation of Southeastern Massachusetts Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in September 2018, 8 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 June 2024, Catholic Foundation of Southeastern Massachusetts Inc reported income of $3.7m and spending of $3.3m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $3.7m (+170%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 123%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of Southeastern Massachusetts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Lighthouse Baptist Church ($3.7m), Lance Wallnau Ministries Inc ($3.7m) and Global Impact Ministries Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 25% of the total. At year end it held assets of $3.7m against liabilities of $57k, net assets of $3.7m.