Cathedral Plaza Development Corporation

Analysis

Cathedral Plaza Development Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cathedral Plaza Development Corporation reported income of $1.3m and spending of $184k, leaving 85% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.9m to $1.3m (-33%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 2395%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cathedral Plaza Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Harbor Homes of Marthas Vineyard ($1.3m), Ohio Regional Development Corp ($1.3m) and Fields Edge ($1.3m).

At year end it held assets of $52.9m against liabilities of $0, net assets of $52.9m.