Cave Organization Inc

Analysis

Cave Organization Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cave Organization Inc reported income of $2.7m and spending of $404k, leaving 85% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $235k to $2.7m (+1031%), an average of +236% a year. The sharpest change came in the year to December 2023, when income rose by 699%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cave Organization 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Ballet Memphis Corporation ($2.7m), Grow Nebraska Inc ($2.7m) and National Comedy Center Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $26k. At year end it held assets of $2.6m against liabilities of $210k, net assets of $2.4m. It reported 12 employees.