Cardome Renaissance Centre LLC

Analysis

Cardome Renaissance Centre LLC is a registered charity in United States, based in Georgetown, KY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cardome Renaissance Centre LLC reported income of $137k and spending of $140k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $530k to $137k (-74%), an average of -36% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cardome Renaissance Centre LLC sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Falcon Band Boosters ($137k), Thumbs Up Inc ($137k) and Texas Panhandle War Memorial Foundation Inc ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $2,098 against liabilities of $23k, net assets of -$21k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.