Cardea Services

Analysis

Cardea Services is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Cardea Services reported income of $8.7m and spending of $7.8m, spending 89% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $6.3m to $8.7m (+38%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cardea Services sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include University of Maryland Eye Association Pa ($8.7m), United Cerebral Palsy Association of Orange County Inc ($8.7m) and The Masonic Charity Foundation of Connecticut Inc ($8.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $655k (8.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.8m against liabilities of $2.3m, net assets of $4.5m. It reported 56 employees.