Cathedral Arms Inc

Analysis

Cathedral Arms Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cathedral Arms Inc reported income of $5.5m and spending of $2.9m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $5.5m (+20%), an average of +4.6% a year. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cathedral Arms Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Beans Cafe Inc ($5.5m), Opelika Housing Development Inc ($5.5m) and Lgarpa Corp ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $357k. At year end it held assets of $37.0m against liabilities of $11.3m, net assets of $25.8m. It reported 5 employees.