Cardinals Peak Inc

Analysis

Cardinals Peak Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Cardinals Peak Inc reported income of $114k and spending of $206k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $114k (-27%), an average of -7.6% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cardinals Peak Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Fall Creek Retirement Housing Inc ($114k), Abcap Housing VI Incorporated ($114k) and Pro-Home Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. At year end it held assets of $1.8m against liabilities of $68k, net assets of $1.7m.

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.