Cutting Edge International Inc

Analysis

Cutting Edge International Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2023, Cutting Edge International Inc reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $760k to $1.7m (+127%), an average of +23% a year. The sharpest change came in the year to July 2022, when income rose by 74%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cutting Edge International Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Friendship Circle of Cleveland Inc ($1.7m), Brightmoor Christian Church Endowment Fund ($1.7m) and Onepassion Ministries Inc ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $172k (16% of expenses). Other salaries and wages came to $117k. At year end it held assets of $1.2m against liabilities of $107k, net assets of $1.1m. It reported 1 employees.