Cranaleith Spiritual Center

Analysis

Cranaleith Spiritual Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cranaleith Spiritual Center reported income of $863k and spending of $926k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $747k to $863k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 120% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cranaleith Spiritual Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Foothills Community Foundation Inc ($862k), Cabrini Mission Foundation ($863k) and Tariq Khamisa Foundation ($861k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $91k (9.8% of expenses). Other salaries and wages came to $263k. At year end it held assets of $5.4m against liabilities of $107k, net assets of $5.3m. It reported 11 employees.

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.