Cathedral Square Corporation

Analysis

Cathedral Square Corporation is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in November 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cathedral Square Corporation reported income of $16.2m and spending of $15.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.8m to $16.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cathedral Square Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Western Wall Heritage Foundation Inc ($16.2m), PHS Maranatha Inc ($16.2m) and Community Services Office of Hot Springs and Garland County Arkansa ($16.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $139k (0.9% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $28.7m against liabilities of $14.5m, net assets of $14.2m. It reported 224 employees.