Cardinal Greenway Inc

Analysis

Cardinal Greenway Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Cardinal Greenway Inc reported income of $767k and spending of $1.4m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $767k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 165% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cardinal Greenway Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include True Friends Foundation ($767k), Temecula Triton Swim Club ($768k) and No Limits Sportsplex ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $98k (7.2% of expenses). Other salaries and wages came to $138k. At year end it held assets of $13.7m against liabilities of $39k, net assets of $13.7m. It reported 7 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.