Cendel Foundation

Analysis

Cendel Foundation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Cendel Foundation reported income of $581k and spending of $272k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $742k to $581k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2024, when income rose by 101%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cendel Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include Franklin Vance Warren Housing of Franklin Co Inc ($581k), Be Well Cafe Corp ($581k) and Soyland Access to Independent Living ($580k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 14% of the total. Other salaries and wages came to $47k. At year end it held assets of $3.9m against liabilities of $108k, net assets of $3.8m. It reported 1 employees.