Cape May Fund

Analysis

Cape May Fund is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1994, 32 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, Cape May Fund reported income of $74k and spending of $85k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $74k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape May Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Coldspring Area Public Library Inc ($74k), Negrense Volunteers for Change Inc Foundation - USA ($74k) and PTA California Congress of Parents Teachers & Students Inc ($74k).

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 $73k against liabilities of $0, net assets of $73k.