Cloud Nine Charities Inc

Analysis

Cloud Nine Charities Inc is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Cloud Nine Charities Inc reported income of $408k and spending of $443k, spending 109% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income grew from $229k to $408k (+78%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cloud Nine Charities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Share the Harvest Farm Inc ($408k), Winston Net ($408k) and Operation Ramp It Up for Veterans ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.