Cathedral Arts Project Inc

Analysis

Cathedral Arts Project Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2024, Cathedral Arts Project Inc reported income of $100k and spending of $159k, spending 159% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $188k to $100k (-47%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cathedral Arts Project Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NE. Charities of a similar size with the same main cause include Encouragementlink ($100k), Reset Church Inc ($100k) and Compassion Alaska Ministries ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 105% of the total. At year end it held assets of $272k against liabilities of $399, net assets of $271k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.