Pittsburgh Independent Catholic Academy Foundation

Analysis

Pittsburgh Independent Catholic Academy Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pittsburgh Independent Catholic Academy Foundation reported income of $565k and spending of $648k, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $965k to $565k (-41%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 57%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pittsburgh Independent Catholic Academy Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Maple Community Development Corporation ($565k), Lifelong Learning Corporation ($565k) and Banner of Faith Ministries Inc ($565k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $90k, net assets of $35k.