Catholic Charities of Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$31,611,052.00
Projected Expenses
$31,611,052.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $19,282,106.00 | $19,531,095.00 | $13,118,949.00 |
| Total Expenses | $19,221,368.00 | $19,470,359.00 | $13,388,411.00 |
| Revenue Less Expenses | $60,738.00 | $60,736.00 | ($269,462.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $3,376,256.00 | $0.00 |
| Government - Federal | $0.00 | $7,066,435.00 | $0.00 |
| Government - State | $0.00 | $3,680,580.00 | $2,758,462.00 |
| Government - Local | $0.00 | $145,750.00 | $131,751.00 |
| Government - Unspecified | $13,627,629.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $2,808,895.00 | $2,217,052.00 | $7,785,254.00 |
| Indirect Public Support | $1,474,521.00 | $1,642,301.00 | $1,121,923.00 |
| Earned Revenue | $468,012.00 | $442,335.00 | $0.00 |
| Investment Income, Net of Losses | $161,421.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $118,710.00 | $0.00 | $0.00 |
| Revenue In-Kind | $595,424.00 | $759,234.00 | $402,861.00 |
| Other | $27,494.00 | $201,152.00 | $140,376.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $17,659,433.00 | $17,751,546.00 | $11,667,125.00 |
| Administration Expense | $1,205,010.00 | $1,276,707.00 | $1,549,664.00 |
| Fundraising Expense | $356,925.00 | $442,106.00 | $171,622.00 |
| Total Revenue/Total Expenses | 100% | 100% | 98% |
| Program Expense/Total Expenses | 92% | 91% | 87% |
| Fundraising Expense/Contributed Revenue | 2% | 2% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $13,627,629.00 | National Government Grants $7,066,435.00 | Contributions, Gifts, Grants $7,785,254.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,808,895.00 | State Government Grants $3,680,580.00 | State Government Grants $2,758,462.00 |
| Third Highest Funding Source & Dollar Amount | Federated Campaigns $1,474,521.00 | Foundations and Corporations $3,376,256.00 | Federated Campaigns $1,121,923.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $6,708,389.00 | $6,708,387.00 | $5,680,326.00 |
| Current Assets | $6,103,842.00 | $605,755.00 | $1,075,253.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $116,889.00 |
| Current Liabilities | $2,187,256.00 | $2,187,256.00 | $1,103,042.00 |
| Total Net Assets | $4,521,133.00 | $4,521,131.00 | $4,460,395.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the audited financial statements and Form 990. Financials completed by LBMC, PC. Comment provided by Hayley Sulfridge 8/29/23. |
