Cag Foundation

Analysis

Cag Foundation is a registered charity in United States, based in Akeley, MN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Cag Foundation reported income of $117k and spending of $104k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $117k (+190%), an average of +190% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cag Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($117k), Mad River Valley Health Center Inc ($117k) and Pastors in Prayer Ministry Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $137k against liabilities of $82k, net assets of $55k.