Catholic Financial Life Foundation Inc
Catholic Financial Life Foundation Inc. shows consistent asset growth and zero executive compensation over a decade.
EIN: 204780760 · Milwaukee, WI · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $375K |
| Program Spending | 85% |
| Net Assets | $3.2M |
| Transparency Score | 90/100 |
Is Catholic Financial Life Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catholic Financial Life Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catholic Financial Life Foundation Inc
Catholic Financial Life Foundation Inc (EIN: 204780760) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T30. The organization reported total revenue of $2.4M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Financial Life Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Financial Life Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $831K |
| Total Expenses | $375K |
| Surplus / Deficit | +$456K |
| Total Assets | $3.2M |
| Net Assets | $3.2M |
| Operating Margin | 54.8% |
| Months of Reserves | 102.1 months |
Financial Health Grade: A
In 2023, Catholic Financial Life Foundation Inc reported a surplus of $456K with revenue exceeding expenses, holds 102.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Catholic Financial Life Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.8% | +0.6% | +26.9% |
| 2022 | -29.0% | +175.2% | -11.5% |
| 2021 | +259.9% | -42.0% | +19.8% |
| 2020 | -5.4% | -23.3% | +0.6% |
| 2019 | -51.7% | +20.5% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Financial Life Foundation Inc with a Mission Score of 90 out of 100 (Excellent). 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 Financial Life Foundation Inc 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 $456K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable and suggests that all leadership roles are either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to directly support the organization's mission.
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.
Strengths
The following positive indicators were identified for Catholic Financial Life Foundation Inc:
- Consistent asset growth, from $581,605 in 2014 to $3,194,053 in 2023.
- Zero officer compensation reported across all available filings, indicating high efficiency.
- Strong financial health with minimal to no liabilities in most years.
- Consistent transparency through 13 IRS 990 filings.
- Expenses generally well-managed relative to revenue, contributing to asset accumulation.
Frequently Asked Questions about Catholic Financial Life Foundation Inc
Is Catholic Financial Life Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Catholic Financial Life Foundation Inc (EIN: 204780760) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Catholic Financial Life Foundation Inc spend its money?
Catholic Financial Life Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catholic Financial Life Foundation Inc tax-deductible?
Catholic Financial Life Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204780760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Catholic Financial Life Foundation Inc's spending goes to programs?
Catholic Financial Life Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Catholic Financial Life Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Catholic Financial Life Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Financial Life Foundation Inc located?
Catholic Financial Life Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 204780760. It is classified under NTEE code T30.
How many years of IRS 990 filings does Catholic Financial Life Foundation Inc have?
Catholic Financial Life Foundation 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 $2.4M in total revenue.
Is Catholic Financial Life Foundation Inc. a good charity?
Based on the provided data, the foundation appears to be a good charity. It demonstrates strong financial health with growing assets, consistent transparency through 990 filings, and notably, zero officer compensation, which maximizes funds available for its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $581,605 in 2014 to $3,194,053 in 2023. While revenue fluctuates, expenses have been managed, leading to consistent asset accumulation.
What is the trend in revenue and expenses?
Revenue has been highly variable, ranging from $166,102 in 2020 to $1,369,945 in 2017. Expenses have been more stable, generally staying below $400,000 in most years, with a peak of $421,078 in 2017 and a low of $135,628 in 2021.
Does the organization have any debt?
The organization has reported zero liabilities in most recent filings (2023, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014), with a minor liability of $2,979 reported in 2022, indicating a very low debt burden.
Filing History
IRS 990 filing history for Catholic Financial Life Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catholic Financial Life Foundation Inc's revenue has grown by 4256.1%, moving from $19K to $831K. Total assets increased by 388.4% over the same period, from $654K to $3.2M. Total functional expenses rose by 151.2%, from $149K to $375K. In its most recent filing year (2023), Catholic Financial Life Foundation Inc reported a surplus of $456K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $831K | $375K | $3.2M | $0 | — | — |
| 2022 | $424K | $373K | $2.5M | $3K | — | View 990 |
| 2021 | $598K | $136K | $2.8M | $0 | — | View 990 |
| 2020 | $166K | $234K | $2.4M | $0 | — | View 990 |
| 2019 | $176K | $305K | $2.4M | $0 | — | View 990 |
| 2018 | $364K | $253K | $2.2M | $0 | — | View 990 |
| 2017 | $1.4M | $421K | $2.1M | $0 | — | View 990 |
| 2016 | $559K | $288K | $1.0M | $0 | — | View 990 |
| 2015 | $371K | $182K | $757K | $0 | — | View 990 |
| 2014 | $233K | $300K | $582K | $0 | — | View 990 |
| 2013 | $284K | $184K | $650K | $0 | — | View 990 |
| 2012 | $50K | $155K | $531K | $0 | — | View 990 |
| 2011 | $19K | $149K | $654K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $831K, expenses of $375K, and assets of $3.2M (revenue +95.8% year-over-year).
- 2022: Revenue of $424K, expenses of $373K, and assets of $2.5M (revenue -29.0% year-over-year).
- 2021: Revenue of $598K, expenses of $136K, and assets of $2.8M (revenue +259.9% year-over-year).
- 2020: Revenue of $166K, expenses of $234K, and assets of $2.4M (revenue -5.4% year-over-year).
- 2019: Revenue of $176K, expenses of $305K, and assets of $2.4M (revenue -51.7% year-over-year).
- 2018: Revenue of $364K, expenses of $253K, and assets of $2.2M (revenue -73.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $421K, and assets of $2.1M (revenue +145.1% year-over-year).
- 2016: Revenue of $559K, expenses of $288K, and assets of $1.0M (revenue +50.6% year-over-year).
- 2015: Revenue of $371K, expenses of $182K, and assets of $757K (revenue +59.5% year-over-year).
- 2014: Revenue of $233K, expenses of $300K, and assets of $582K (revenue -18.0% year-over-year).
- 2013: Revenue of $284K, expenses of $184K, and assets of $650K (revenue +462.9% year-over-year).
- 2012: Revenue of $50K, expenses of $155K, and assets of $531K (revenue +164.2% year-over-year).
- 2011: Revenue of $19K, expenses of $149K, and assets of $654K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Financial Life Foundation Inc:
Data Sources and Methodology
This transparency report for Catholic Financial Life Foundation 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.