The Monastery of Our Lady of the Cenacle Foundation

Analysis

The Monastery of Our Lady of the Cenacle Foundation is a registered charity in United States, based in Mounds, OK. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Monastery of Our Lady of the Cenacle Foundation reported income of $169k and spending of $157k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $169k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Monastery of Our Lady of the Cenacle Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OK. Charities of a similar size with the same main cause include First Baptist Church Lubbock Foundation ($169k), Brand of the Cross Ministries Inc ($169k) and Final Harvest Ministries Inc ($169k).

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 $26k against liabilities of $0, net assets of $26k.