Thomas Merton Institute for Catholic Life

Analysis

Thomas Merton Institute for Catholic Life is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Thomas Merton Institute for Catholic Life reported income of $981k and spending of $460k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $732k to $981k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 32% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thomas Merton Institute for Catholic Life sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Cambridge Digital Bible Research ($981k), Centro Internacional de Restauracion Y Alabanza Inc ($981k) and Nueva Providencia Ministries Inc ($980k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (11% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.2m against liabilities of $4,418, net assets of $1.2m. It reported 18 employees.