Cardinal Services Inc of Indiana

Analysis

Cardinal Services Inc of Indiana is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cardinal Services Inc of Indiana reported income of $26.1m and spending of $22.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $26.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardinal Services Inc of Indiana sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Hynes Charter School Corporation ($26.1m), Glenelg Country School Inc ($26.1m) and Baptist Memorial College of Health Sciences Inc ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $725k (3.3% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $30.6m against liabilities of $4.8m, net assets of $25.8m. It reported 529 employees.