Cathedral Gerontology Center Inc

Analysis

Cathedral Gerontology Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cathedral Gerontology Center Inc reported income of $1.1m and spending of $3.5m, spending 318% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $10.8m to $1.1m (-90%), an average of -44% a year. The sharpest change came in the year to September 2023, when income dropped by 86%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cathedral Gerontology Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Pathway to Recovery Inc ($1.1m), Antara International Inc ($1.1m) and Recovery Center of Medina County ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 176% of the total. Compensation of current officers, directors and key employees was $142k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $9.2m, net assets of -$8.0m. It reported 178 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.