Cradle Society

Analysis

Cradle Society is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in February 1938, 88 years ago. 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 September 2023, Cradle Society reported income of $5.0m and spending of $4.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.2m to $5.0m (-3.3%), an average of -0.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cradle Society 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 92nd percentile within IL. Charities of a similar size with the same main cause include Elkhart County Youth for Christ ($5.0m), The Bhutan Foundation ($5.0m) and Library System of Lancaster County ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $673k (14% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $16.6m against liabilities of $511k, net assets of $16.0m. It reported 70 employees.