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Missouri · Nonprofit

THE NATIONAL CATHOLIC REPORTER PUBLISHING CO

THE NATIONAL CATHOLIC REPORTER PUBLISHING CO (Missouri) receives grants from 46 organizations whose IRS filings report $11,539,142 to it, the largest being CONRAD N HILTON FOUNDATION ($7,426,000). 31 of them have funded it in more than one year.

Revenue FY2025
$5.3M
Funders on record
46
Grants received
$12M
Net assets
$19M
31/46 repeat funderspeak grant-dependency 36%
01What it does

What The National Catholic Reporter Publishing Co does

Mission

Ncr connects catholics to church, faith and the common good with independent news, analysis and spiritual reflection.

As stated on its FY2025 Form 990.

Program

  1. Newspaper - the national catholic reporter provides extensive independent reporting on the catholic church and the religious dimensions of the news, as well as social justice issues, and provides commentary for discussion of religious topics.

    $4,422,437 spent$841,572 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $4,422,437.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($6.9M) Expenses 100 ($5.4M) Net assets 100 ($8.6M)2018 Revenue 62 ($4.3M) Expenses 91 ($4.9M) Net assets 96 ($8.2M)2019 Revenue 98 ($6.8M) Expenses 89 ($4.8M) Net assets 120 ($10M)2020 Revenue 85 ($5.9M) Expenses 86 ($4.6M) Net assets 122 ($10M)2021 Revenue 130 ($9.0M) Expenses 82 ($4.4M) Net assets 180 ($15M)2022 Revenue 104 ($7.2M) Expenses 86 ($4.6M) Net assets 179 ($15M)2023 Revenue 53 ($3.7M) Expenses 96 ($5.2M) Net assets 178 ($15M)2024 Revenue 88 ($6.1M) Expenses 101 ($5.4M) Net assets 211 ($18M)2025 Revenue 77 ($5.3M) Expenses 110 ($5.9M) Net assets 225 ($19M)
'17'18'19'20'21'22'23'24'25
Revenue (77)Expenses (110)Net assets (225)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $13M to $17M (+34%).

$11M
$10M
$12M
$13M
$17M
$17M
$17M
$20M
$21M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 6%. Grants only. Government contracts and fees sit inside program revenue.

65% of THE NATIONAL CATHOLIC REPORTER PUBLISHING CO’s revenue is contributions — about as donation-reliant as the typical peer (90% for the typical peer).

This organization
Typical peer · 2,744 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$1.5M
’17
−$614k
’18
$2.0M
’19
$1.3M
’20
$4.6M
’21
$2.6M
’22
−$1.5M
’23
$654k
’24
−$607k
’25
0.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Joe Ferullo

Publisher/CEO

Board chair

Steve Miller

Chair/director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed192122262929262831
Joined·+3+3+7+4+1+0+6+5
No longer listed·12311342
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 11 funders to 17 funders, grant income rose $702k → $1.3M.

15 of 46 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 20% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE NATIONAL CATHOLIC REPORTER PUBLISHING CO’s funders (the co-funder graph). Top 30 of 46 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE NATIONAL CATHOLIC REPORTER PUBLISHING CO leans on a few funders — its largest provides 64% of grant income and the top three 78%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

64%
largest funder
78%
top three
~2
effective funders

Largest funder’s share by year: 2017 61% · 2018 75% · 2019 60% · 2020 84% · 2021 74% · 2022 92% · 2023 81% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of THE NATIONAL CATHOLIC REPORTER PUBLISHING CO's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE NATIONAL CATHOLIC REPORTER PUBLISHING CO draws 99% of its grant income from funders outside Missouri, across 13 states in all.

MN
IL
WI
MI
NY
OH
CT
CA
MO
MD
DE
OK
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Missouri out of state home

Funder states come from each funder’s own filing. $2.3M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE NATIONAL CATHOLIC REPORTER PUBLISHING CO's funding base is broadening — from 11 funders to 17 as grant income climbed.

Operating margin−11% · bottom quartile
Months of reserve0.3mo · bottom quartile
Revenue growth (annualized)−3% · bottom quartile

this organization peer median middle 50% of peers· 1,325 religion nonprofits $1M–$10M, FY2025

Organizations like THE NATIONAL CATHOLIC REPORTER PUBLISHING CO

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Missouri

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 12%Fundraising 13%

Governance

21
board members
95%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

68%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MO

Screen this organization

A dated, signed PDF of the compliance screen for THE NATIONAL CATHOLIC REPORTER PUBLISHING CO: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE NATIONAL CATHOLIC REPORTER PUBLISHING CO?
THE NATIONAL CATHOLIC REPORTER PUBLISHING CO (Missouri) receives grants from 46 organizations whose IRS filings report $11,539,142 to it, the largest being CONRAD N HILTON FOUNDATION ($7,426,000). 31 of them have funded it in more than one year.
How many funders does THE NATIONAL CATHOLIC REPORTER PUBLISHING CO have?
IRS filings report 46 organizations giving $11,539,142 in grants to THE NATIONAL CATHOLIC REPORTER PUBLISHING CO, 31 of which have funded it in more than one year.
Who is the largest funder of THE NATIONAL CATHOLIC REPORTER PUBLISHING CO?
CONRAD N HILTON FOUNDATION is the largest funder on record, with $7,426,000 in grants. The full list of funders is on this page.
How can an organization like THE NATIONAL CATHOLIC REPORTER PUBLISHING CO find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Missouri. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds National Catholic Reporter Publishing →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 46 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing