Cardinal Cushing Centers Inc

Analysis

Cardinal Cushing Centers Inc is a registered charity in United States, based in Hanover, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cardinal Cushing Centers Inc reported income of $43.0m and spending of $36.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.8m to $43.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. 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, Cardinal Cushing Centers Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Edadvance ($42.9m), Coordinated Care Services Inc ($43.1m) and Albedo Insurance Company Ic ($42.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $519k (1.4% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $44.3m against liabilities of $11.8m, net assets of $32.5m. It reported 642 employees.