Christ the King Cathedral School Foundation Inc

Analysis

Christ the King Cathedral School Foundation Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2023, Christ the King Cathedral School Foundation Inc reported income of $97k and spending of $168k, spending 173% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $140k to $97k (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2021, when income rose by 139%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christ the King Cathedral School Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include New Jersey Media Arts Center Inc ($97k), United Daughters of the Confederacy ($97k) and Brighter Christmas Fund Inc ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.