Cardinal Kung Foundation Inc

Analysis

Cardinal Kung Foundation Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Cardinal Kung Foundation Inc reported income of $212k and spending of $207k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $221k to $212k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cardinal Kung Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include National Association of Black Women Entrepreneurs ($212k), Lantern Light Inc ($212k) and Noahs Ark Daycare Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). At year end it held assets of $737k against liabilities of $35k, net assets of $702k. It reported 1 employees.