Cathedral 1000 Endowment Fund Inc

Analysis

Cathedral 1000 Endowment Fund Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cathedral 1000 Endowment Fund Inc reported income of $58k and spending of $1,049, leaving 98% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $58k (-95%), an average of -77% a year. The sharpest change came in the year to December 2022, when income dropped by 95%. Over the whole period it spent 0.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cathedral 1000 Endowment Fund Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Support for Mission Foundation ($58k), Aung Chanthar Buddhist Temple ($58k) and International Servants Acting As Christ Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.