Cartmell Foundation Inc

Analysis

Cartmell Foundation Inc is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Cartmell Foundation Inc reported income of $1.2m and spending of $1.4m, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $805k to $1.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cartmell Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Family Promise of Greater Denver Inc ($1.2m), Citizen Science Lab ($1.2m) and Washington County Young Mens Christian Association ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 70% of the total. At year end it held assets of $22.0m against liabilities of $10.6m, net assets of $11.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.