Cardinal and Gold Fund Inc

Analysis

Cardinal and Gold Fund Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Cardinal and Gold Fund Inc reported income of $3.2m and spending of $3.4m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $3.2m (+33%), an average of +7.5% a year. The sharpest change came in the year to August 2021, when income rose by 32%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardinal and Gold Fund Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Grace Christian School of Ocala Florida Inc ($3.2m), Kids First Chicago for Education ($3.2m) and Carolina Christian School of Locust North Carolina Inc ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $9.0m against liabilities of $191k, net assets of $8.8m.