Cardinal Homes Inc

Analysis

Cardinal Homes Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2024, Cardinal Homes Inc reported income of $633k and spending of $556k, spending 88% of its income. Across the 4 years on record, from September 2020 to September 2024, income grew from $488k to $633k (+30%), an average of +9.0% a year. The sharpest change came in the year to September 2024, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cardinal Homes Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Montana Pioneer Manor ($633k), Redeemer Village I ($633k) and Passaic Affordable Housing Coalition ($632k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $481k.