The Cathedral Foundation Inc

Analysis

The Cathedral Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Cathedral Foundation Inc reported income of $137k and spending of $172k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $137k (+3.8%), an average of +3.8% a year. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Cathedral Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include National Black Mba Association - Inc - Washington D C Chapter ($137k), University Neighborhoods Development Corporation ($137k) and Historic Lincoln Heights Industrial Zone Economic Development Corp ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. At year end it held assets of $766 against liabilities of $16k, net assets of -$15k.