Cathedral of the Pines Inc

Analysis

Cathedral of the Pines Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1953, 73 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, Cathedral of the Pines Inc reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $1.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cathedral of the Pines Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Western District Designated Operations Association ($1.2m), Indiana Bulls Baseball Inc ($1.2m) and Magical Bridge Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $135k (13% of expenses). Other salaries and wages came to $129k. At year end it held assets of $5.1m against liabilities of $22k, net assets of $5.0m. It reported 27 employees.