Catholic Schools Foundation Inc
Catholic Schools Foundation: Strong Financials, Consistent Program Spending
EIN: 222485502 · Boston, MA · NTEE: B820 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $40.2M |
| Total Expenses | $19.2M |
| Program Spending | 64% |
| Net Assets | $113.4M |
| Transparency Score | 85/100 |
Is Catholic Schools 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 Schools Foundation Inc directs 64% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Catholic Schools Foundation Inc
Catholic Schools Foundation Inc (EIN: 222485502) is a nonprofit organization based in Boston, MA, classified under NTEE code B820. The organization reported total revenue of $40.2M and total assets of $141.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Schools Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Schools Foundation Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.9M |
| Total Expenses | $19.2M |
| Surplus / Deficit | +$10.8M |
| Total Assets | $129.8M |
| Total Liabilities | $16.4M |
| Net Assets | $113.4M |
| Operating Margin | 36.0% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 81.3 months |
Financial Health Grade: A
In 2023, Catholic Schools Foundation Inc reported a surplus of $10.8M with revenue exceeding expenses, holds 81.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Catholic Schools Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +21.8% | +17.8% |
| 2022 | +8.0% | +3.2% | -13.3% |
| 2021 | +49.2% | +3.7% | +25.8% |
| 2020 | +13.5% | +14.5% | +6.5% |
| 2019 | -44.7% | +8.2% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Schools Foundation Inc with a Mission Score of 85 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: 18%
- programs: 64%
- fundraising: 18%
According to IRS 990 filings, Catholic Schools Foundation Inc allocates its expenses as follows: admin: 18%, programs: 64%, fundraising: 18%. Approximately 64% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed as a separate line item in the provided data, with 'c0%' indicating no compensation from unrelated organizations, suggesting that direct compensation is likely included within administrative expenses or not separately disclosed in this summary.
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 Schools Foundation Inc:
- Consistent revenue growth from $10.4M in 2016 to $29.9M in 2023, demonstrating strong fundraising capabilities.
- Healthy asset growth from $68.8M in 2016 to $129.8M in 2023, indicating robust financial management and investment.
- A high percentage of expenses consistently allocated to programs (e.g., 64% in 2023 based on $19.1M program expenses out of $29.9M total expenses), directly supporting their mission.
- Low liability-to-asset ratio, suggesting strong financial stability and low debt burden.
- Clear mission focus on supporting Catholic schools, as implied by the name and consistent program spending.
Frequently Asked Questions about Catholic Schools Foundation Inc
Is Catholic Schools Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Catholic Schools Foundation Inc (EIN: 222485502) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Catholic Schools Foundation Inc spend its money?
Catholic Schools Foundation Inc directs 64% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catholic Schools Foundation Inc tax-deductible?
Catholic Schools Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222485502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Catholic Schools Foundation Inc's spending goes to programs?
Catholic Schools Foundation Inc directs 64% to programs, 18% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Catholic Schools Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Catholic Schools Foundation Inc is above average for NTEE category B820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Schools Foundation Inc located?
Catholic Schools Foundation Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222485502. It is classified under NTEE code B820.
How many years of IRS 990 filings does Catholic Schools Foundation Inc have?
Catholic Schools 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 $40.2M in total revenue.
What does Catholic Schools Foundation Inc do?
Catholic Schools Foundation Inc is a nonprofit organization in the Education sector, located in Boston, Massachusetts. It is classified under NTEE code B820.
How much revenue does Catholic Schools Foundation Inc have?
Catholic Schools Foundation Inc reported total revenue of $40,168,448. Based on 13 IRS 990 filings on record.
What are Catholic Schools Foundation Inc's total assets?
Catholic Schools Foundation Inc holds total assets of $141,546,173 as reported in IRS 990 filings.
Where is Catholic Schools Foundation Inc located?
Catholic Schools Foundation Inc is based in Boston, Massachusetts.
What is Catholic Schools Foundation Inc's EIN?
Catholic Schools Foundation Inc's Employer Identification Number (EIN) is 222485502. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Catholic Schools Foundation Inc?
Catholic Schools Foundation Inc is classified under NTEE code B820 (Education).
Is Catholic Schools Foundation Inc a registered 501(c)(3)?
Yes, Catholic Schools Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222485502.
Does Catholic Schools Foundation Inc file IRS Form 990?
Yes, Catholic Schools Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Catholic Schools Foundation Inc's revenue in 2023?
In the 202306 filing period, Catholic Schools Foundation Inc reported total revenue of $29,941,055, total expenses of $19,165,786, and net assets of $129,779,893.
Is Catholic Schools Foundation Inc's revenue growing or declining?
Catholic Schools Foundation Inc's revenue is growing. Revenue went from $27,305,892 (202206) to $29,941,055 (202306), a +9.7% change. Based on 13 filings on record.
What is Catholic Schools Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Catholic Schools Foundation Inc covers tax period 202306. It shows revenue of $29,941,055, expenses of $19,165,786, total assets of $129,779,893, and liabilities of $16,414,079.
How much does Catholic Schools Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Catholic Schools Foundation Inc allocates approximately 64% of expenses to program services, 18% to administrative costs, and 18% to fundraising. Program spending is moderate relative to overhead.
Is Catholic Schools Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Catholic Schools Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Catholic Schools Foundation Inc's strengths?
Positive indicators for Catholic Schools Foundation Inc include: Consistent revenue growth from $10.4M in 2016 to $29.9M in 2023, demonstrating strong fundraising capabilities.. Healthy asset growth from $68.8M in 2016 to $129.8M in 2023, indicating robust financial management and investment.. A high percentage of expenses consistently allocated to programs (e.g., 64% in 2023 based on $19.1M program expenses out of $29.9M total expenses), directly supporting their mission.. Low liability-to-asset ratio, suggesting strong financial stability and low debt burden.. Clear mission focus on supporting Catholic schools, as implied by the name and consistent program spending.. These findings are derived from AI analysis of the organization's financial filings.
How does Catholic Schools Foundation Inc compensate executives?
Executive compensation is not explicitly detailed as a separate line item in the provided data, with 'c0%' indicating no compensation from unrelated organizations, suggesting that direct compensation is likely included within administrative expenses or not separately disclosed in this summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to report 'c0%' for compensation from unrelated organizations, and what does this imply about their executive compensation structure?
The 'c0%' indicates that no compensation for officers, directors, trustees, or key employees is received from unrelated organizations. This suggests that any executive compensation is paid directly by the Catholic Schools Foundation Inc. and is likely included within the administrative expenses reported in their filings, rather than being a separate, externally funded component.
Given the significant increase in revenue and assets, how has the organization scaled its program delivery to match this growth?
The consistent increase in program expenses, from approximately $10.9M in 2016 to $19.1M in 2023, alongside revenue and asset growth, suggests that the organization has effectively scaled its program delivery. This indicates a commitment to utilizing increased resources to further its mission, likely through expanded scholarships, school support, or other initiatives.
Filing History
IRS 990 filing history for Catholic Schools Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catholic Schools Foundation Inc's revenue has grown by 188.8%, moving from $10.4M to $29.9M. Total assets increased by 124.5% over the same period, from $57.8M to $129.8M. Total functional expenses rose by 135.4%, from $8.1M to $19.2M. In its most recent filing year (2023), Catholic Schools Foundation Inc reported a surplus of $10.8M, with revenue exceeding expenses. The organization holds $16.4M in liabilities against $129.8M in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $113.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.9M | $19.2M | $129.8M | $16.4M | — | View 990 |
| 2022 | $27.3M | $15.7M | $110.2M | $14.1M | — | View 990 |
| 2021 | $25.3M | $15.3M | $127.0M | $15.5M | — | View 990 |
| 2020 | $17.0M | $14.7M | $101.0M | $16.7M | — | View 990 |
| 2019 | $14.9M | $12.8M | $94.8M | $12.0M | — | View 990 |
| 2018 | $27.0M | $11.9M | $94.5M | $13.2M | — | View 990 |
| 2017 | $10.7M | $11.1M | $73.7M | $9.2M | — | View 990 |
| 2016 | $10.4M | $10.9M | $68.8M | $8.9M | — | View 990 |
| 2015 | $15.8M | $11.3M | $70.7M | $7.6M | — | View 990 |
| 2014 | $13.8M | $9.0M | $70.3M | $6.7M | — | View 990 |
| 2013 | $11.0M | $9.6M | $62.0M | $6.7M | — | View 990 |
| 2012 | $10.5M | $9.4M | $57.2M | $6.4M | — | View 990 |
| 2011 | $10.4M | $8.1M | $57.8M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.9M, expenses of $19.2M, and assets of $129.8M (revenue +9.7% year-over-year).
- 2022: Revenue of $27.3M, expenses of $15.7M, and assets of $110.2M (revenue +8.0% year-over-year).
- 2021: Revenue of $25.3M, expenses of $15.3M, and assets of $127.0M (revenue +49.2% year-over-year).
- 2020: Revenue of $17.0M, expenses of $14.7M, and assets of $101.0M (revenue +13.5% year-over-year).
- 2019: Revenue of $14.9M, expenses of $12.8M, and assets of $94.8M (revenue -44.7% year-over-year).
- 2018: Revenue of $27.0M, expenses of $11.9M, and assets of $94.5M (revenue +152.5% year-over-year).
- 2017: Revenue of $10.7M, expenses of $11.1M, and assets of $73.7M (revenue +2.4% year-over-year).
- 2016: Revenue of $10.4M, expenses of $10.9M, and assets of $68.8M (revenue -34.0% year-over-year).
- 2015: Revenue of $15.8M, expenses of $11.3M, and assets of $70.7M (revenue +14.5% year-over-year).
- 2014: Revenue of $13.8M, expenses of $9.0M, and assets of $70.3M (revenue +25.9% year-over-year).
- 2013: Revenue of $11.0M, expenses of $9.6M, and assets of $62.0M (revenue +4.7% year-over-year).
- 2012: Revenue of $10.5M, expenses of $9.4M, and assets of $57.2M (revenue +1.0% year-over-year).
- 2011: Revenue of $10.4M, expenses of $8.1M, and assets of $57.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Schools Foundation Inc:
Data Sources and Methodology
This transparency report for Catholic Schools 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.