Foundation of the 1st Cavalry Division Association

Analysis

Foundation of the 1st Cavalry Division Association is a registered charity in United States, based in Copperas Cove, TX. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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, Foundation of the 1st Cavalry Division Association reported income of $197k and spending of $294k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $197k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 581%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the 1st Cavalry Division Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Boone Area Chamber of Commerce Economic Development Commission in ($197k), Care Consistency Foundation Inc ($197k) and Harrison County Tourism Council Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 46% of the total. At year end it held assets of $3.2m against liabilities of $7,500, net assets of $3.2m.