Cathedral Home for Children

Analysis

Cathedral Home for Children is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in February 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Cathedral Home for Children reported income of $8.6m and spending of $9.3m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $9.3m to $8.6m (-7.4%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cathedral Home for Children sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 98th percentile within WY. Charities of a similar size with the same main cause include Catskill Area Hospice and Palliative Care Inc ($8.6m), Christian Relief Services Charities Inc ($8.6m) and Aspira of New York,inc ($8.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $453k (4.9% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $16.8m against liabilities of $1.0m, net assets of $15.7m. It reported 211 employees.