Cavetime Inc

Analysis

Cavetime Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 2013, 13 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, Cavetime Inc reported income of $173k and spending of $179k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $173k (-9.8%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cavetime Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OK. Charities of a similar size with the same main cause include Farmington Area Goodfellows Inc ($173k), Horizon Education Network ($173k) and Community Guardians Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $124k (69% of expenses). Other salaries and wages came to $487. At year end it held assets of $141k against liabilities of $1,615, net assets of $139k. It reported 3 employees.