Cave Incorporated

Analysis

Cave Incorporated is a registered charity in United States, based in Brooklyn, MD. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cave Incorporated reported income of $93k and spending of $93k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $93k (-49%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cave Incorporated 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 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include Sow Good Seeds Foundation ($93k), Iglesia Evangelica Puerta de Las Aguas ($93k) and St Patrick Parish Lawrence Educational Radio Association ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,155 against liabilities of $36k, net assets of -$33k.