Cathedral Foundation

Analysis

Cathedral Foundation is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. 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 March 2023, Cathedral Foundation reported income of $91k and spending of $210k, spending 230% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $145k to $91k (-37%), an average of -11% a year. The sharpest change came in the year to March 2023, when income dropped by 20%. Over the whole period it spent 164% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cathedral Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Hale Lokahi Elua ($91k), Virginia Congress of Parents and Teachers ($91k) and Marion County Memorial Honor Guard Inc ($91k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 33% and program service revenue 111% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.7m against liabilities of $87k, net assets of $1.6m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.