Cape Eleuthera Foundation Inc

Analysis

Cape Eleuthera Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2023, Cape Eleuthera Foundation Inc reported income of $2.6m and spending of $3.4m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.6m (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cape Eleuthera Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include U4i ($2.6m), American Friends of Kiryat Sanz Laniado Hospital Inc ($2.6m) and Alianza Americas ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $112k (3.3% of expenses). Other salaries and wages came to $393k. At year end it held assets of $15.3m against liabilities of $2.1m, net assets of $13.2m. It reported 8 employees.

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.