Catholic Charities Progress Of Development Corporation
Catholic Charities Progress Of Development Corporation shows significant asset growth and no reported officer compensation, but revenue and expense figures fluctuate widely.
EIN: 112431586 · Brooklyn, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.2M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| Net Assets | $119.0M |
| Transparency Score | 75/100 |
Is Catholic Charities Progress Of Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catholic Charities Progress Of Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catholic Charities Progress Of Development Corporation
Catholic Charities Progress Of Development Corporation (EIN: 112431586) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L200. The organization reported total revenue of $18.2M and total assets of $136.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Charities Progress Of Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Charities Progress Of Development Corporation is a large 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 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.4M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $123.2M |
| Total Liabilities | $4.2M |
| Net Assets | $119.0M |
| Operating Margin | 75.4% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 714.4 months |
Financial Health Grade: A
In 2023, Catholic Charities Progress Of Development Corporation reported a surplus of $6.3M with revenue exceeding expenses, holds 714.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Catholic Charities Progress Of Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.4% | -67.3% | +8.4% |
| 2022 | -67.4% | +271.7% | -4.8% |
| 2021 | -8.7% | -56.9% | +17.1% |
| 2020 | +339.0% | +9.8% | +14.9% |
| 2019 | +4.3% | +186.7% | -1.6% |
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 Progress Of Development Corporation with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Catholic Charities Progress Of Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure a complete understanding of remuneration practices.
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 Progress Of Development Corporation's IRS 990 filings:
- 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
The following positive indicators were identified for Catholic Charities Progress Of Development Corporation:
- 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.
Frequently Asked Questions about Catholic Charities Progress Of Development Corporation
Is Catholic Charities Progress Of Development Corporation a legitimate charity?
Catholic Charities Progress Of Development Corporation (EIN: 112431586) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Catholic Charities Progress Of Development Corporation spend its money?
Catholic Charities Progress Of Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Catholic Charities Progress Of Development Corporation tax-deductible?
Catholic Charities Progress Of Development Corporation is registered as a tax-exempt nonprofit (EIN: 112431586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Catholic Charities Progress Of Development Corporation's spending goes to programs?
Catholic Charities Progress Of Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Catholic Charities Progress Of Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Catholic Charities Progress Of Development Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Charities Progress Of Development Corporation located?
Catholic Charities Progress Of Development Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 112431586. It is classified under NTEE code L200.
How many years of IRS 990 filings does Catholic Charities Progress Of Development Corporation have?
Catholic Charities Progress Of Development Corporation 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 $18.2M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings (e.g., 202306, 202206) for an organization with assets exceeding $100 million is highly unusual and warrants further inquiry to understand how executive leadership is compensated, or if it is entirely volunteer-based.
What accounts for the significant fluctuations in annual revenue and expenses?
Revenue has ranged from $3,639,238 (2018) to $16,656,581 (2020), and expenses from $1,123,667 (2015) to $6,332,105 (2022). Understanding the drivers behind these large year-over-year changes is crucial for assessing operational stability and planning.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown beyond total expenses, it's difficult to precisely assess spending efficiency. For example, in 2023, expenses were $2,069,061, but how much of that directly funded programs versus overhead is unclear from the provided data.
Filing History
IRS 990 filing history for Catholic Charities Progress Of Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catholic Charities Progress Of Development Corporation's revenue has grown by 110.8%, moving from $4.0M to $8.4M. Total assets increased by 102% over the same period, from $61.0M to $123.2M. Total functional expenses rose by 7%, from $1.9M to $2.1M. In its most recent filing year (2023), Catholic Charities Progress Of Development Corporation reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $123.2M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $119.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $2.1M | $123.2M | $4.2M | — | View 990 |
| 2022 | $5.0M | $6.3M | $113.6M | $3.4M | — | View 990 |
| 2021 | $15.2M | $1.7M | $119.4M | $3.5M | — | — |
| 2020 | $16.7M | $4.0M | $101.9M | $3.6M | — | View 990 |
| 2019 | $3.8M | $3.6M | $88.8M | $3.9M | — | View 990 |
| 2018 | $3.6M | $1.3M | $90.2M | $5.8M | — | View 990 |
| 2017 | $3.6M | $2.0M | $85.3M | $3.9M | — | View 990 |
| 2016 | $4.6M | $1.3M | $82.8M | $3.7M | — | View 990 |
| 2015 | $6.3M | $1.1M | $80.0M | $3.8M | — | View 990 |
| 2014 | $8.1M | $1.6M | $75.5M | $4.4M | — | View 990 |
| 2013 | $5.7M | $1.3M | $68.7M | $4.6M | — | View 990 |
| 2012 | $5.3M | $1.7M | $64.0M | $3.1M | — | View 990 |
| 2011 | $4.0M | $1.9M | $61.0M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $2.1M, and assets of $123.2M (revenue +69.4% year-over-year).
- 2022: Revenue of $5.0M, expenses of $6.3M, and assets of $113.6M (revenue -67.4% year-over-year).
- 2021: Revenue of $15.2M, expenses of $1.7M, and assets of $119.4M (revenue -8.7% year-over-year).
- 2020: Revenue of $16.7M, expenses of $4.0M, and assets of $101.9M (revenue +339.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.6M, and assets of $88.8M (revenue +4.3% year-over-year).
- 2018: Revenue of $3.6M, expenses of $1.3M, and assets of $90.2M (revenue +0.8% year-over-year).
- 2017: Revenue of $3.6M, expenses of $2.0M, and assets of $85.3M (revenue -20.6% year-over-year).
- 2016: Revenue of $4.6M, expenses of $1.3M, and assets of $82.8M (revenue -27.8% year-over-year).
- 2015: Revenue of $6.3M, expenses of $1.1M, and assets of $80.0M (revenue -22.3% year-over-year).
- 2014: Revenue of $8.1M, expenses of $1.6M, and assets of $75.5M (revenue +42.8% year-over-year).
- 2013: Revenue of $5.7M, expenses of $1.3M, and assets of $68.7M (revenue +6.5% year-over-year).
- 2012: Revenue of $5.3M, expenses of $1.7M, and assets of $64.0M (revenue +33.8% year-over-year).
- 2011: Revenue of $4.0M, expenses of $1.9M, and assets of $61.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Charities Progress Of Development Corporation:
Data Sources and Methodology
This transparency report for Catholic Charities Progress Of Development Corporation 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.