Catholic Financial Life Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Catholic United Financial exists as a not-for-profit fraternal benefit society to: Promote fraternalism and charity among its members through a Local Council system and a representative form of goverment. Provide its members with life insurance, annuities and other products, services and benefits that will contribute to the financial well-being of our members and their families. Support the Roman Catholic Church in extending the faith, especially by commending and encouraging Catholic schools and religious education. Strive to be a good employer and contributing member of our community.
- Income
- $67.6 million
- Spending
- $78.5 million
- Employees
- 87
- Volunteers
- 1,186
- Highest pay
- $468,722, president/chairman
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $54.6 million spent. Benefits totaling $54,621,648 were paid to our members in accordance with our mission to provide life insurance, annuities and other products, services and benefits that contribute to the financial well-being of our members and their families. $11,361,331 was paid in death claims, $43,200,167 was paid for annuity, supplementary contract and other policy benefits, and $60,150 was paid for secondary and post-secondary scholarships.
- $366,855 spent. In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $366,855 was provided to our Councils and communities. Of this amount, $130,325 was spent on Local Councils, $70,608 on matching grants, $113,118 was spent to conduct Regional Member Gatherings, $10,006 on miscellaneous donations, and $42,798 was spent on Member Recognition programs and conducting Gather4Good events. Gather4Good is a volunteer, family-oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness.
- $371,724 spent. In accordance with our mission to support the Roman Catholic Church in extending the faith, commending and encouraging Catholic schools and religious education, Fraternal benefits totaling $371,724 were spent during the year. Of this total, $32,245 was provided for contributions, $274,620 was spent as operating support for our Foundation, and $147,840 was spent supporting Catholic education, including the Annual Catholic Schools Raffle. This Raffle has raised over $16 million for over 150 Catholic schools since its inception 16 years ago.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(8) fraternal beneficiary society.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1940.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.