The Cabet Group Incorporated

Analysis

The Cabet Group Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The Cabet Group Incorporated reported income of $710k and spending of $684k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $710k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Cabet Group Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Kodiak Archipelago Leadershipinstitute ($710k), Wood River Vision 2020 ($710k) and Project Jumpstart Inc ($709k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $408k. At year end it held assets of $417k against liabilities of $138k, net assets of $278k. It reported 9 employees.