Cardea Health

Analysis

Cardea Health is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cardea Health reported income of $10.2m and spending of $6.2m, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $873k to $10.2m (+1064%), an average of +241% a year. The sharpest change came in the year to December 2022, when income rose by 339%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cardea Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Homeless Childrens Network ($10.2m), Sos Community Services ($10.2m) and United Hospice Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $687k (11% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.9m against liabilities of $1.1m, net assets of $5.8m. It reported 85 employees.