Cathedral Center Inc

Analysis

Cathedral Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cathedral Center Inc reported income of $2.6m and spending of $2.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cathedral Center Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Cush Empowerment Group ($2.6m), Good Samaritan Baptist Missions Inc ($2.6m) and Medical Mission International USA ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $164k (6.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $248k, net assets of $2.7m. It reported 57 employees.