Cedar Street Charitable Foundation Inc

Analysis

Cedar Street Charitable Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 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 December 2023, Cedar Street Charitable Foundation Inc reported income of $18.1m and spending of $17.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.9m to $18.1m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Street Charitable Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Manufacturing Advocacy & Growth Network Inc ($18.1m), Community Housing Network Inc ($18.2m) and First Coast Workforce Development Inc ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $63.6m against liabilities of $0, net assets of $63.6m.