Cardus Inc

Analysis

Cardus Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cardus Inc reported income of $890k and spending of $791k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $890k (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 197%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cardus Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Latrobe Community Revitalizationprogram Inc ($890k), Community Workshop Resources Corp ($890k) and Baltimore Homecoming Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. At year end it held assets of $150k against liabilities of $3,700, net assets of $146k.