Thomas G Cavanagh Memorial Fund Inc

Analysis

Thomas G Cavanagh Memorial Fund Inc is a registered charity in United States, based in E Greenwich, RI. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Thomas G Cavanagh Memorial Fund Inc reported income of $57k and spending of $51k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $57k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thomas G Cavanagh Memorial Fund Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within RI. Charities of a similar size with the same main cause include Susies Closet ($57k), Inclusivcare Community Investment Inc ($57k) and Galesburg Per Club Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.