Cave Canem Foundation Inc

Analysis

Cave Canem Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Cave Canem Foundation Inc reported income of $1.7m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $1.7m (+358%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cave Canem Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Ann Arbor Joint Electrical Apprenticeship & Training Com ($1.7m), Bicycle Colorado ($1.7m) and One Stone Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $260k (14% of expenses). Other salaries and wages came to $360k. At year end it held assets of $1.2m against liabilities of $107k, net assets of $1.1m. It reported 10 employees.