Catholic Charities Neighborhood Services Inc
Catholic Charities Neighborhood Services Inc maintains over $100M in annual revenue with growing assets but liabilities consistently exceed assets.
EIN: 112047151 · Brooklyn, NY · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120.7M |
| Total Expenses | $118.4M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $120M |
| Net Assets | $-14,054,570 |
| Transparency Score | 78/100 |
Is Catholic Charities Neighborhood Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catholic Charities Neighborhood Services Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catholic Charities Neighborhood Services Inc
Catholic Charities Neighborhood Services Inc (EIN: 112047151) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P200. The organization reported total revenue of $120.7M and total assets of $60.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Charities Neighborhood Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Charities Neighborhood Services Inc is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118.9M |
| Total Expenses | $118.4M |
| Surplus / Deficit | +$428K |
| Total Assets | $58.9M |
| Total Liabilities | $73.0M |
| Net Assets | $-14,054,570 |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 123.9% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Catholic Charities Neighborhood Services Inc reported a surplus of $428K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 123.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Catholic Charities Neighborhood Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +3.5% | +82.7% |
| 2022 | +7.5% | +4.2% | +20.7% |
| 2021 | -2.6% | -2.3% | -1.4% |
| 2020 | +6.1% | +6.1% | -27.0% |
| 2019 | -5.3% | -2.6% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Neighborhood Services Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 88%
- fundraising: 2%
According to IRS 990 filings, Catholic Charities Neighborhood Services Inc allocates its expenses as follows: admin: 10%, programs: 88%, fundraising: 2%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $428K, with revenue exceeding expenses.
- Debt-to-asset ratio: 123.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size ($120M+ revenue) and suggests executive compensation may be paid by a related entity or not reported in this specific section, impacting transparency.
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 Neighborhood Services Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a large organization, potentially obscuring executive pay.
- Liabilities consistently exceed assets across multiple years, indicating potential reliance on external funding or significant short-term obligations.
Strengths
The following positive indicators were identified for Catholic Charities Neighborhood Services Inc:
- Consistent revenue generation exceeding $100 million annually, demonstrating strong operational scale.
- Significant asset growth in recent years, more than doubling from $26.7M in 2021 to $58.9M in 2023.
- Revenues generally exceed expenses, indicating operational stability and sound financial management in most periods (e.g., 2023 revenue $118.8M vs expenses $118.4M).
Frequently Asked Questions about Catholic Charities Neighborhood Services Inc
Is Catholic Charities Neighborhood Services Inc a legitimate charity?
Catholic Charities Neighborhood Services Inc (EIN: 112047151) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $120.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Catholic Charities Neighborhood Services Inc spend its money?
Catholic Charities Neighborhood Services Inc directs 88% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Catholic Charities Neighborhood Services Inc tax-deductible?
Catholic Charities Neighborhood Services Inc is registered as a tax-exempt nonprofit (EIN: 112047151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Catholic Charities Neighborhood Services Inc CEO make?
Catholic Charities Neighborhood Services Inc's highest-compensated officer earns $120M annually. The organization reported $120.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Catholic Charities Neighborhood Services Inc's spending goes to programs?
Catholic Charities Neighborhood Services Inc directs 88% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Catholic Charities Neighborhood Services Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Catholic Charities Neighborhood Services Inc is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Charities Neighborhood Services Inc located?
Catholic Charities Neighborhood Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112047151. It is classified under NTEE code P200.
How many years of IRS 990 filings does Catholic Charities Neighborhood Services Inc have?
Catholic Charities Neighborhood Services Inc has 13 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 $120.7M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings for an organization with over $100 million in revenue is highly unusual and suggests that executive compensation might be paid by a related entity or not disclosed in this specific section of the 990. This warrants further investigation for full transparency.
What is the nature of the organization's liabilities, which consistently exceed assets?
The organization's liabilities consistently exceed its assets (e.g., $72,959,203 liabilities vs. $58,904,633 assets in 2023). Understanding the composition of these liabilities (e.g., program-related payables, long-term debt, or inter-company balances) is crucial to assess financial risk and solvency.
How does the organization manage its significant asset growth?
Assets have more than doubled from $26,716,847 in 2021 to $58,904,633 in 2023. Understanding the nature of these assets (e.g., cash, investments, property) and the strategy behind their growth would provide insight into financial management and future capacity.
Filing History
IRS 990 filing history for Catholic Charities Neighborhood Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catholic Charities Neighborhood Services Inc's revenue has declined by 5.3%, moving from $125.5M to $118.9M. Total assets increased by 46% over the same period, from $40.3M to $58.9M. Total functional expenses fell by 6.1%, from $126.2M to $118.4M. In its most recent filing year (2023), Catholic Charities Neighborhood Services Inc reported a surplus of $428K, with revenue exceeding expenses. The organization holds $73.0M in liabilities against $58.9M in assets (debt-to-asset ratio: 123.9%), resulting in net assets of $-14,054,570.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118.9M | $118.4M | $58.9M | $73.0M | — | View 990 |
| 2022 | $116.0M | $114.4M | $32.2M | $46.7M | — | View 990 |
| 2021 | $107.9M | $109.8M | $26.7M | $42.8M | — | View 990 |
| 2020 | $110.8M | $112.5M | $27.1M | $41.2M | — | View 990 |
| 2019 | $104.5M | $106.0M | $37.1M | $49.6M | — | View 990 |
| 2018 | $110.4M | $108.8M | $37.1M | $48.1M | — | View 990 |
| 2017 | $120.8M | $115.2M | $32.7M | $45.2M | — | View 990 |
| 2016 | $133.4M | $130.2M | $37.8M | $55.9M | — | View 990 |
| 2015 | $144.7M | $139.4M | $39.7M | $61.4M | — | View 990 |
| 2014 | $130.1M | $137.1M | $36.5M | $62.1M | — | View 990 |
| 2013 | $118.7M | $132.7M | $37.8M | $56.5M | — | View 990 |
| 2012 | $127.3M | $128.6M | $46.3M | $51.0M | — | View 990 |
| 2011 | $125.5M | $126.2M | $40.3M | $44.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118.9M, expenses of $118.4M, and assets of $58.9M (revenue +2.5% year-over-year).
- 2022: Revenue of $116.0M, expenses of $114.4M, and assets of $32.2M (revenue +7.5% year-over-year).
- 2021: Revenue of $107.9M, expenses of $109.8M, and assets of $26.7M (revenue -2.6% year-over-year).
- 2020: Revenue of $110.8M, expenses of $112.5M, and assets of $27.1M (revenue +6.1% year-over-year).
- 2019: Revenue of $104.5M, expenses of $106.0M, and assets of $37.1M (revenue -5.3% year-over-year).
- 2018: Revenue of $110.4M, expenses of $108.8M, and assets of $37.1M (revenue -8.6% year-over-year).
- 2017: Revenue of $120.8M, expenses of $115.2M, and assets of $32.7M (revenue -9.5% year-over-year).
- 2016: Revenue of $133.4M, expenses of $130.2M, and assets of $37.8M (revenue -7.8% year-over-year).
- 2015: Revenue of $144.7M, expenses of $139.4M, and assets of $39.7M (revenue +11.2% year-over-year).
- 2014: Revenue of $130.1M, expenses of $137.1M, and assets of $36.5M (revenue +9.6% year-over-year).
- 2013: Revenue of $118.7M, expenses of $132.7M, and assets of $37.8M (revenue -6.8% year-over-year).
- 2012: Revenue of $127.3M, expenses of $128.6M, and assets of $46.3M (revenue +1.4% year-over-year).
- 2011: Revenue of $125.5M, expenses of $126.2M, and assets of $40.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Charities Neighborhood Services Inc:
Data Sources and Methodology
This transparency report for Catholic Charities Neighborhood Services Inc 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.