Cathedral Foundation and Community Services Inc

Analysis

Cathedral Foundation and Community Services Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 December 2023, Cathedral Foundation and Community Services Inc reported income of $66k and spending of $118k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $66k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 619%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cathedral Foundation and Community Services Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($66k), Nova Vista Symphony Association Inc ($66k) and Little League Baseball Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 7.1% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.