Gadsden State Cardinal Foundation

Analysis

Gadsden State Cardinal Foundation is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Gadsden State Cardinal Foundation reported income of $159k and spending of $191k, spending 120% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $793k to $159k (-80%), an average of -55% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gadsden State Cardinal Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AL. Charities of a similar size with the same main cause include H Clarke Powers Elementary School Parent Teacher Club Inc ($159k), Saint Pauls Carnival Association Inc ($159k) and Clinton Prairie School Foundation Inc ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.2m against liabilities of $4,950, net assets of $1.2m.