Catholic Charities Foundation
Catholic Charities Foundation faces persistent operational deficits despite substantial assets.
EIN: 202823241 · Spokane, WA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $975K |
| Total Expenses | $256K |
| Program Spending | 60% |
| Net Assets | $2.2M |
| Transparency Score | 55/100 |
Is Catholic Charities Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catholic Charities Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Catholic Charities Foundation
Catholic Charities Foundation (EIN: 202823241) is a nonprofit organization based in Spokane, WA, classified under NTEE code P20. The organization reported total revenue of $975K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Charities Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Charities Foundation is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $256K |
| Surplus / Deficit | $-148,497 |
| Total Assets | $4.2M |
| Total Liabilities | $2.0M |
| Net Assets | $2.2M |
| Operating Margin | -138.2% |
| Debt-to-Asset Ratio | 47.7% |
| Months of Reserves | 196.6 months |
Financial Health Grade: B
In 2023, Catholic Charities Foundation reported a deficit of $148K with expenses exceeding revenue, holds 196.6 months of operating reserves (strong position), has a debt-to-asset ratio of 47.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Catholic Charities Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.7% | -48.6% | +8.0% |
| 2022 | -55.4% | +0.4% | -30.2% |
| 2021 | +118.8% | +64.8% | +9.9% |
| 2020 | -49.7% | -85.0% | +24.7% |
| 2019 | +21.8% | +1668.3% | -24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Catholic Charities Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Catholic Charities Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through an affiliated entity, which limits direct transparency into leadership costs relative to the organization's size and financial activity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Catholic Charities Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Catholic Charities Foundation:
- 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.
Frequently Asked Questions about Catholic Charities Foundation
Is Catholic Charities Foundation a legitimate charity?
Catholic Charities Foundation (EIN: 202823241) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $975K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Catholic Charities Foundation spend its money?
Catholic Charities Foundation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Catholic Charities Foundation tax-deductible?
Catholic Charities Foundation is registered as a tax-exempt nonprofit (EIN: 202823241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Catholic Charities Foundation's spending goes to programs?
Catholic Charities Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Catholic Charities Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Catholic Charities Foundation is near average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Charities Foundation located?
Catholic Charities Foundation is headquartered in Spokane, Washington and files with the IRS under EIN 202823241. It is classified under NTEE code P20.
How many years of IRS 990 filings does Catholic Charities Foundation have?
Catholic Charities Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $975K in total revenue.
Why does Catholic Charities Foundation consistently report operational deficits?
The filings show that expenses have regularly exceeded revenue, for instance, $255,943 in expenses versus $107,446 in revenue in 2023. This suggests a reliance on drawing down assets or other funding mechanisms to cover operational costs.
What is the long-term strategy for financial sustainability given the declining asset trend?
Assets have decreased from $6,568,760 in 2014 to $4,193,795 in 2023, indicating a potential draw-down to cover operational deficits. The organization needs a clear strategy to reverse this trend and achieve financial stability.
How are executive leaders compensated if officer compensation is consistently reported as 0%?
The consistent 0% officer compensation across all filings raises questions about how leadership is compensated, whether through an affiliated entity, volunteer work, or other means not directly reported in this section of the 990.
What is the breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense statement, it's difficult to ascertain the exact percentages. However, given the operational deficits, understanding where funds are allocated is crucial for assessing efficiency.
Filing History
IRS 990 filing history for Catholic Charities Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Catholic Charities Foundation's revenue has declined by 15.6%, moving from $127K to $107K. Total assets increased by 467.1% over the same period, from $739K to $4.2M. Total functional expenses rose by 381.9%, from $53K to $256K. In its most recent filing year (2023), Catholic Charities Foundation reported a deficit of $148K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $4.2M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $256K | $4.2M | $2.0M | — | — |
| 2022 | $188K | $498K | $3.9M | $1.8M | — | View 990 |
| 2021 | $421K | $496K | $5.6M | $2.6M | — | View 990 |
| 2020 | $192K | $301K | $5.1M | $2.2M | — | View 990 |
| 2019 | $382K | $2.0M | $4.1M | $1.3M | — | View 990 |
| 2018 | $314K | $113K | $5.4M | $1.3M | — | View 990 |
| 2017 | $311K | $106K | $5.9M | $1.5M | — | View 990 |
| 2016 | $123K | $126K | $5.1M | $1.3M | — | View 990 |
| 2015 | $255K | $136K | $6.0M | $2.4M | — | View 990 |
| 2014 | $412K | $119K | $6.6M | $2.7M | — | View 990 |
| 2013 | $3.1M | $173K | $3.6M | $19K | — | View 990 |
| 2012 | $167K | $53K | $655K | $13K | — | View 990 |
| 2011 | $23K | $59K | $538K | $10K | — | View 990 |
| 2010 | $127K | $53K | $739K | $175K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $256K, and assets of $4.2M (revenue -42.7% year-over-year).
- 2022: Revenue of $188K, expenses of $498K, and assets of $3.9M (revenue -55.4% year-over-year).
- 2021: Revenue of $421K, expenses of $496K, and assets of $5.6M (revenue +118.8% year-over-year).
- 2020: Revenue of $192K, expenses of $301K, and assets of $5.1M (revenue -49.7% year-over-year).
- 2019: Revenue of $382K, expenses of $2.0M, and assets of $4.1M (revenue +21.8% year-over-year).
- 2018: Revenue of $314K, expenses of $113K, and assets of $5.4M (revenue +0.9% year-over-year).
- 2017: Revenue of $311K, expenses of $106K, and assets of $5.9M (revenue +152.1% year-over-year).
- 2016: Revenue of $123K, expenses of $126K, and assets of $5.1M (revenue -51.7% year-over-year).
- 2015: Revenue of $255K, expenses of $136K, and assets of $6.0M (revenue -38.1% year-over-year).
- 2014: Revenue of $412K, expenses of $119K, and assets of $6.6M (revenue -86.8% year-over-year).
- 2013: Revenue of $3.1M, expenses of $173K, and assets of $3.6M (revenue +1772.7% year-over-year).
- 2012: Revenue of $167K, expenses of $53K, and assets of $655K (revenue +612.2% year-over-year).
- 2011: Revenue of $23K, expenses of $59K, and assets of $538K (revenue -81.6% year-over-year).
- 2010: Revenue of $127K, expenses of $53K, and assets of $739K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Charities Foundation:
Data Sources and Methodology
This transparency report for Catholic Charities Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.