Mycatholicdoctor Foundation Inc

Analysis

Mycatholicdoctor Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Mycatholicdoctor Foundation Inc reported income of $751k and spending of $768k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $93k to $751k (+708%), an average of +101% a year. The sharpest change came in the year to December 2021, when income rose by 325%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mycatholicdoctor Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Samaritan Counseling Center of the Southern Tier Inc ($750k), Hope Haven Industries Inc ($751k) and Waccamaw Volunteer Fire Department and Rescue Squad Inc ($750k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $96k (13% of expenses). Other salaries and wages came to $251k. At year end it held assets of $365k against liabilities of $122k, net assets of $243k. It reported 7 employees.