Cathedral Connection Ministry Inc

Analysis

Cathedral Connection Ministry Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cathedral Connection Ministry Inc reported income of $276k and spending of $408k, spending 148% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $331k to $276k (-17%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cathedral Connection Ministry Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Neck Ministries ($276k), West Virginia Institute for Spirituality Inc ($276k) and Koinnia Missionary Fellowship Inc ($276k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $231k.