Cultivate CDC

Analysis

Cultivate CDC is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2016, 10 years ago. 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, Cultivate CDC reported income of $106k and spending of $114k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $106k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cultivate CDC sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Wabash Frisco & Pacific Association Inc ($106k), Rush City Firemens Relief Assn ($106k) and Seaside Rotary Foundation Inc ($106k).

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 $63k against liabilities of $21k, net assets of $42k.