Cathedral Carmel Foundation

Analysis

Cathedral Carmel Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cathedral Carmel Foundation reported income of $126k and spending of $63k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $691k to $126k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cathedral Carmel Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within LA. Charities of a similar size with the same main cause include Association for Residental Care of Putnam County Incorporated ($126k), PTA California Congress of Parents Teachers & Students Inc ($126k) and Nathan & Fannye Shafran Foundation ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.