Cultivate Missions

Analysis

Cultivate Missions is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Cultivate Missions reported income of $434k and spending of $510k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $486k to $434k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cultivate Missions sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Mongkoltepmunee Buddist Temple ($433k), Urban Light Christian Development Corporation ($434k) and For the Love of Africa Ministries Inc ($433k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $372k (73% of expenses). Other salaries and wages came to $1,605. At year end it held assets of $2.6m against liabilities of $995, net assets of $2.6m. It reported 3 employees.