Overview
What is Opus Caritatis Inc?
Opus Caritatis Inc, situated in Los Angeles, California, serves as a financial support system for Catholic Charities of Los Angeles, Inc. The primary mission of Opus Caritatis is to raise funds and manage investments, ultimately distributing the income to aid Catholic Charities in their charitable endeavors. By administering financial resources, Opus Caritatis contributes to the betterment of various social and community initiatives under Catholic Charities, thus benefiting the community at large in Los Angeles.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Opus Caritatis Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's score is based entirely on its fiscal responsibility, indicating a strong focus on effective resource management. A key highlight is its impressive program expense ratio of 95.24%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs.
The charity demonstrates robust governance practices, receiving full points in areas such as audit oversight, conflict of interest policy, and whistleblower policy. This level of transparency and adherence to best practices speaks to the organization's commitment to maintaining integrity and accountability in its operations.
However, while the overall rating is commendable, it's important to note that the score is solely derived from financial metrics. This may limit a comprehensive understanding of the organization’s impact and effectiveness beyond financial management. Further insights into program outcomes and community feedback could enhance the appraisal of Opus Caritatis Inc's overall performance and contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Opus Caritatis Inc legitimate?
Opus Caritatis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opus Caritatis Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Opus Caritatis Inc?
Opus Caritatis Inc's primary purpose is to support Catholic Charities of Los Angeles, Inc., a non-profit organization under Section 501(c)(3). The corporation achieves this by soliciting, receiving, and managing funds, which are then disbursed to benefit Catholic Charities of Los Angeles, Inc. The income generated from investments serves to support the charitable activities of Catholic Charities of Los Angeles, Inc. In essence, Opus Caritatis Inc plays a crucial role in providing financial assistance to this charitable organization.
Who is the CEO of Opus Caritatis Inc?
Rev Msgr Gregory A Cox is the Vice President of Opus Caritatis Inc.
What is the revenue of Opus Caritatis Inc?
Opus Caritatis Inc's revenue in 2022 was $5,492,882.
Who are the executives of Opus Caritatis Inc and what are their salaries?
There 1 volunteer at Opus Caritatis Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $61,654
- Other: $29,427
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opus Caritatis Inc?
Opus Caritatis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opus Caritatis Inc
Opus Caritatis Inc, as a nonprofit organization, is dedicated to supporting Catholic Charities of Los Angeles, Inc. The primary objective of Opus Caritatis is to collect funds through solicitation and donations, and then manage and distribute these resources for the benefit of Catholic Charities. This charity organization generates income through investments, which it subsequently utilizes to aid Catholic Charities of Los Angeles, Inc., a California-based not-for-profit public benefit corporation under Section 501(c)(3).
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Impact
August, 2024
Opus Caritatis Inc's impact lies in providing crucial financial support to Catholic Charities of Los Angeles, Inc. Through the generated income from investments, Opus Caritatis Inc plays a vital role in sustaining the operations and initiatives of Catholic Charities of Los Angeles, Inc. This support contributes to the organization's ability to provide important services and assistance to those in need in the Los Angeles community.
This information is meant to be a general summary of Opus Caritatis Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,492,882
- Gross Receipts: $8,928,857
Assets and Liabilities:
- Total Assets: $300,359,281
- Total Liabilities: $1,091,675
- Net Assets: $299,267,606
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Organization Details
Founding Year
2004
Phone
(213) 251-3410Principal Officer
Rev Msgr Gregory A Cox
Main Address
1531 JAMES M WOOD BLVD, LOS ANGELES, CA, 90015
NTEE Category
Code: X22 - Religion related
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