Foundation of the Roman Catholic Diocese of Raleigh Inc

Analysis

Foundation of the Roman Catholic Diocese of Raleigh Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of the Roman Catholic Diocese of Raleigh Inc reported income of $3.1m and spending of $3.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.9m to $3.1m (-95%), an average of -52% a year. The sharpest change came in the year to June 2022, when income rose by 584%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Roman Catholic Diocese of Raleigh Inc sits at the 88th 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 90th percentile within NC. Charities of a similar size with the same main cause include Crime Stoppers of Houston Inc ($3.1m), Enterprise Community Nursing Home Inc ($3.1m) and The Arc of Hilo ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $150k (4.7% of expenses). Other salaries and wages came to $217k. At year end it held assets of $72.6m against liabilities of $1.0m, net assets of $71.6m. It reported 5 employees.