Cardinal Productions

Analysis

Cardinal Productions is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Cardinal Productions reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $470k to $1.3m (+177%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 184%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cardinal Productions sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Cumberland County Campus Educational Foundation ($1.3m), The Wilson Memorial Hospital Foundation ($1.3m) and Northwest Municipal Conference Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $87k (8.0% of expenses). Other salaries and wages came to $618k. At year end it held assets of $1.3m against liabilities of $67k, net assets of $1.3m. It reported 16 employees.