Cathedral Green Inc

Analysis

Cathedral Green Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 2012, 14 years ago. 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, Cathedral Green Inc reported income of $484k and spending of $1.2m, spending 245% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $505k to $484k (-4.3%), an average of -1.1% a year. Over the whole period it spent 240% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cathedral Green Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Platteville Thrift Shop Inc ($484k), Missouri State Medical Association Physicians Health Foundation ($484k) and United Way for Clinton County Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $54k. At year end it held assets of $4.7m against liabilities of $12.5m, net assets of -$7.7m.

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.