Cathedral Cloisters Inc

Analysis

Cathedral Cloisters Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cathedral Cloisters Inc reported income of $1.4m and spending of $1.5m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $1.4m (+8.7%), an average of +2.1% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cathedral Cloisters Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Geneva Plaza Inc ($1.4m), Project Home ($1.4m) and Cafe of Life Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $229k. At year end it held assets of $5.2m against liabilities of $5.7m, net assets of -$440k.

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.