Cathedral District-Jax Inc

Analysis

Cathedral District-Jax Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 2019, 7 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, Cathedral District-Jax Inc reported income of $263k and spending of $187k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $891k to $263k (-71%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cathedral District-Jax Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Dress for Success Des Moines ($263k), Be Kind 2 People ($263k) and Spark Small Business Center ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $94k (50% of expenses). At year end it held assets of $264k against liabilities of $1,354, net assets of $263k. It reported 1 employees.