Cathedral Heritage Foundation

Analysis

Cathedral Heritage Foundation is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Cathedral Heritage Foundation reported income of $351k and spending of $218k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $371k to $351k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cathedral Heritage Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Cincinnati Boychoir Inc ($351k), Bay Community Theatre Organization ($351k) and Reading Public Library Foundation Inc ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.9m against liabilities of $3,847, net assets of $1.9m.