Catholic Literary Arts

Analysis

Catholic Literary Arts is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Catholic Literary Arts reported income of $180k and spending of $143k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $180k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catholic Literary Arts sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Morning Bishop Theatre Playhouse Inc ($180k), Seattle Folklore Society Inc ($180k) and Monroe Arts Council ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. At year end it held assets of $130k against liabilities of $4,843, net assets of $125k.