Heart of Cabi Foundation Inc

Analysis

Heart of Cabi Foundation Inc is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Heart of Cabi Foundation Inc reported income of $524k and spending of $412k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $526k to $524k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heart of Cabi Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Indias Hope ($524k), Tzdaka Foundation Inc ($524k) and Cherry Street Foundation ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $395k against liabilities of $7,691, net assets of $387k.