Catholic Charities

Analysis

Catholic Charities is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Catholic Charities reported income of $6.5m and spending of $6.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include University Rehabilitation Alliance Inc ($6.5m), Innercity Struggle ($6.5m) and Way Back Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $213k (3.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.9m against liabilities of $5.2m, net assets of $6.6m. It reported 97 employees.