Catholic Connect Foundation

Analysis

Catholic Connect Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Catholic Connect Foundation reported income of $94k and spending of $60k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $332k to $94k (-72%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catholic Connect Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Charlotte Chamber Community Foundation Inc ($94k), Csh2o Charitable Foundation Corporation ($94k) and Northwoods Foundation ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.