Cathedral Arts Project Inc

Analysis

Cathedral Arts Project Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Cathedral Arts Project Inc reported income of $2.8m and spending of $2.7m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $2.8m (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cathedral Arts Project Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Witherspoon Institute Inc ($2.8m), Childrens House at Serenbe Inc ($2.8m) and Ivy Tech Charter School ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $159k (5.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.2m against liabilities of $470k, net assets of $5.8m. It reported 76 employees.