Cedar Wood Foundation Inc

Analysis

Cedar Wood Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedar Wood Foundation Inc reported income of $1.4m and spending of $209k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $169k to $1.4m (+706%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 277%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cedar Wood Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Vaidica Vidhya Ganapathi Center Inc ($1.4m), Zohar Hatorah Inc ($1.4m) and Religion News Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.0m against liabilities of $173k, net assets of $1.8m. It reported 6 employees.