Cultivate Culinary School and Catering Inc

Analysis

Cultivate Culinary School and Catering Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover employment, 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 June 2023, Cultivate Culinary School and Catering Inc reported income of $10.7m and spending of $5.5m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $10.7m (+889%), an average of +77% a year. The sharpest change came in the year to June 2020, when income rose by 118%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cultivate Culinary School and Catering Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Beaver County Rehabilitation Center Inc ($10.7m), Metanoia ($10.7m) and Brevard Workforce Development Board Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $134k (2.4% of expenses). Other salaries and wages came to $595k. It paid $103k in professional fundraising fees. At year end it held assets of $8.4m against liabilities of $337k, net assets of $8.0m. It reported 27 employees.