Cradle Foundation

Analysis

Cradle Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cradle Foundation reported income of $4.7m and spending of $4.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $4.7m (+107%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 40%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cradle Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Homeward Alliance Inc ($4.7m), Womens Fund of Greater Omaha Inc ($4.7m) and Canton for All People Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $379k. At year end it held assets of $11.9m against liabilities of $5.6m, net assets of $6.2m.