Cultiv8community

Analysis

Cultiv8community is a registered charity in United States, based in Sumner, TX. It received its IRS tax-exemption ruling in July 2022, 4 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 December 2023, Cultiv8community reported income of $501k and spending of $509k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $574k to $501k (-13%), an average of -13% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cultiv8community sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Goods Bank Neo ($501k), Fiesta Educativa Inc ($501k) and Special Parents Information Network of Santa Cruz County ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $150k (29% of expenses). Other salaries and wages came to $84k. It paid $9,000 in professional fundraising fees. At year end it held assets of $488k against liabilities of $166k, net assets of $322k.