Quick charity verification for Catholic Charities Foundation (EIN: 202823241)
Verdict: Catholic Charities Foundation shows mixed signals
55/100Mission Score
$975KRevenue
$4.5MAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $255,943 expenses vs. $107,446 revenue in 2023.
Declining trend in total assets from $6,568,760 in 2014 to $4,193,795 in 2023, suggesting asset depletion.
Significant liabilities, such as $2,000,318 in 2023, relative to annual revenue.
Lack of reported officer compensation, which can obscure true leadership costs.
Strengths
Maintains substantial assets ($4,524,369 in the latest filing), providing a financial cushion.
Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements.
Spending Breakdown
How Catholic Charities Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Catholic Charities Foundation
Is Catholic Charities Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Catholic Charities Foundation (EIN: 202823241) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Catholic Charities Foundation a good charity to donate to?
Catholic Charities Foundation has a Mission Score of 55/100. Revenue: $975K. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Catholic Charities Foundation?
The Employer Identification Number (EIN) for Catholic Charities Foundation is 202823241. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Catholic Charities Foundation spend its money?
Catholic Charities Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Catholic Charities Foundation's tax-exempt status?
You can verify Catholic Charities Foundation's tax-exempt status using EIN 202823241 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Catholic Charities Foundation exhibits a concerning trend of operating deficits, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $255,943 against revenue of $107,446, and in 2022, expenses were $498,196 against revenue of $187,669. This indicates a reliance on existing assets or other funding sources to cover operational costs, which is not sustainable long-term. While the organization maintains substantial assets, reported at $4,524,369 in the latest filing, these assets have shown a declining trend from a high of $6,568,760 in 2014, suggesting they are being drawn down to support operations.
The organization's financial health is further complicated by fluctuating liabilities, which have been significant, such as $2,000,318 in 2023. The consistent absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under different categories, which could impact transparency regarding leadership costs. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. However, the consistent operational deficits are a primary concern for financial stability.