Catholic News Inc
- Assets
- $3.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2001
- Data as of
- 12/2019
- EIN
- 95-4866279
Organization Overview
Catholic News Inc is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic News Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Catholic News Inc generated $16.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $12.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THIS ENTITY PURCHASES RELIGIOUS NEWSPAPERS WITH DONATIONS AND DISTRIBUTES THEM TO MISSIONARIES AND POOR NEIGHBORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Tark Lee CEO | 1 | $0 | |
Myung Jin Jeong Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,182 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,182 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $685 |
| Other expenses | $1,574 |
| Total expenses | $12,676 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,630 |
| Other assets | $0 |
| Total assets | $3,630 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,630 |
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