Cadence Care Network

Analysis

Cadence Care Network is a registered charity in United States, based in Niles, OH. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Cadence Care Network reported income of $15.2m and spending of $13.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $15.2m (+213%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cadence Care Network sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Athelas Institute Inc ($15.2m), Child Development Consortium of Los Angeles Inc ($15.2m) and Fleming & Barnes ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $233k (1.7% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $7.0m against liabilities of $3.1m, net assets of $3.9m. It reported 208 employees.