Is Catholic Charities Progress Of Development Corporation Legit?
Quick charity verification for Catholic Charities Progress Of Development Corporation (EIN: 112431586)
Verdict: Catholic Charities Progress Of Development Corporation appears trustworthy
75/100Mission Score
$18.2MRevenue
$136.9MAssets
2Red Flags
3Strengths
Red Flags
Unusually low or zero reported officer compensation, potentially obscuring executive pay details.
Significant year-over-year fluctuations in revenue and expenses, indicating potential operational instability or reliance on inconsistent funding sources.
Strengths
Strong and consistent growth in assets, from $75,536,650 in 2014 to $136,928,045 currently, indicating financial stability and capacity.
Low liabilities relative to assets, suggesting a healthy balance sheet and minimal financial risk.
Consistent reporting of 0% officer compensation, which, if accurate, indicates a highly cost-efficient leadership structure.
Spending Breakdown
How Catholic Charities Progress Of Development Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Progress Of Development Corporation
Is Catholic Charities Progress Of Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Catholic Charities Progress Of Development Corporation (EIN: 112431586) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Catholic Charities Progress Of Development Corporation a good charity to donate to?
Catholic Charities Progress Of Development Corporation has a Mission Score of 75/100. Revenue: $18.2M. Assets: $136.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Catholic Charities Progress Of Development Corporation?
The Employer Identification Number (EIN) for Catholic Charities Progress Of Development Corporation is 112431586. 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 Progress Of Development Corporation spend its money?
Catholic Charities Progress Of Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Catholic Charities Progress Of Development Corporation's tax-exempt status?
You can verify Catholic Charities Progress Of Development Corporation's tax-exempt status using EIN 112431586 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 Progress Of Development Corporation exhibits a complex financial picture with significant fluctuations in revenue and expenses over the past decade. While the organization consistently maintains substantial assets, reaching $136,928,045 in its latest filing, its operational efficiency varies considerably. For instance, in 2023, revenue was $8,394,564 against expenses of $2,069,061, indicating a large surplus. However, in 2022, expenses ($6,332,105) exceeded revenue ($4,956,301), suggesting periods of deficit spending. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency regarding executive pay, indicating either volunteer leadership or compensation being reported under other categories, which would warrant further investigation for complete transparency.
The organization's financial health appears robust in terms of asset accumulation, which has steadily grown from $75,536,650 in 2014 to over $136 million currently. However, the wide swings in annual revenue and expenses make it challenging to assess consistent spending efficiency without a detailed breakdown of program, administrative, and fundraising costs. The low liability figures relative to assets suggest a healthy balance sheet. The lack of reported officer compensation is a positive sign for donor confidence in executive pay practices, assuming all compensation is indeed zero or reported elsewhere with full disclosure.