Cul2vate

Analysis

Cul2vate is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cul2vate reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $1.1m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cul2vate sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Madill Community Day Care Center Association Incorporated ($1.1m), Hoboken Day Care 100 Program ($1.1m) and Young Mens Christian Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $162k (15% of expenses). Other salaries and wages came to $575k. At year end it held assets of $1.6m against liabilities of $27k, net assets of $1.5m. It reported 32 employees.