Cardinal And Gold Fund Inc
Cardinal And Gold Fund Inc maintains stable assets with fluctuating revenues and expenses, consistently reporting no officer compensation.
EIN: 133691813 · Bronx, NY · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| Net Assets | $8.8M |
| Transparency Score | 85/100 |
Is Cardinal And Gold Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cardinal And Gold Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cardinal And Gold Fund Inc
Cardinal And Gold Fund Inc (EIN: 133691813) is a nonprofit organization based in Bronx, NY, classified under NTEE code B110. The organization reported total revenue of $7.3M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cardinal And Gold Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cardinal And Gold Fund Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-171,039 |
| Total Assets | $9.0M |
| Total Liabilities | $191K |
| Net Assets | $8.8M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 32.0 months |
Financial Health Grade: B
In 2023, Cardinal And Gold Fund Inc reported a deficit of $171K with expenses exceeding revenue, holds 32.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cardinal And Gold Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | +18.6% | +1.3% |
| 2022 | +28.4% | -21.2% | +0.8% |
| 2021 | +31.9% | +30.6% | +2.3% |
| 2020 | -15.5% | -37.6% | -5.6% |
| 2019 | -10.2% | +7.5% | -14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cardinal And Gold Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cardinal And Gold Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for minimizing administrative costs and maximizing funds for its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cardinal And Gold Fund Inc's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 8 out of 10 reported periods, indicating potential reliance on reserves or inconsistent funding.
- Significant decline in assets from $12.7 million in 2014 to $9.0 million in 2023, suggesting a reduction in overall financial capacity over the decade.
Strengths
The following positive indicators were identified for Cardinal And Gold Fund Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive overhead.
- Stable asset base, consistently maintaining around $9 million in recent years, providing financial stability.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Long filing history (13 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Cardinal And Gold Fund Inc
Is Cardinal And Gold Fund Inc a legitimate charity?
Cardinal And Gold Fund Inc (EIN: 133691813) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Cardinal And Gold Fund Inc spend its money?
Cardinal And Gold Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cardinal And Gold Fund Inc tax-deductible?
Cardinal And Gold Fund Inc is registered as a tax-exempt nonprofit (EIN: 133691813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cardinal And Gold Fund Inc's spending goes to programs?
Cardinal And Gold Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cardinal And Gold Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cardinal And Gold Fund Inc is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cardinal And Gold Fund Inc located?
Cardinal And Gold Fund Inc is headquartered in Bronx, New York and files with the IRS under EIN 133691813. It is classified under NTEE code B110.
How many years of IRS 990 filings does Cardinal And Gold Fund Inc have?
Cardinal And Gold Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.3M in total revenue.
Is Cardinal And Gold Fund Inc a good charity?
Based on the available data, Cardinal And Gold Fund Inc appears to be a well-managed organization with a strong commitment to its mission, evidenced by its consistent reporting of 0% officer compensation and stable asset base. While revenue and expenses fluctuate, the lack of executive compensation is a significant positive indicator of efficiency and dedication to program spending.
What is the trend in Cardinal And Gold Fund Inc's financial health?
Cardinal And Gold Fund Inc's financial health shows a pattern of fluctuating revenues and expenses, with several years experiencing expenses exceeding revenues (e.g., 2023, 2021, 2020, 2019, 2018, 2016, 2015, 2014). Assets have generally stabilized around $9 million in recent years, after a decline from a high of $12.7 million in 2014. The organization consistently manages to cover its liabilities, which have remained relatively low.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation significantly impacts the organization by reducing administrative overhead, allowing a greater proportion of funds to be directed towards its programs. This practice enhances donor confidence and signals a strong commitment to financial efficiency and mission-driven spending.
What are the primary financial risks for Cardinal And Gold Fund Inc?
The primary financial risk for Cardinal And Gold Fund Inc appears to be the recurring instances where expenses exceed revenue, as seen in 8 out of 10 reported periods. While the organization has a stable asset base to absorb these deficits, sustained periods of negative net income could eventually erode its reserves. Diversifying funding sources and managing expense growth are crucial for long-term sustainability.
Filing History
IRS 990 filing history for Cardinal And Gold Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cardinal And Gold Fund Inc's revenue has declined by 26.9%, moving from $4.4M to $3.2M. Total assets decreased by 36.5% over the same period, from $14.2M to $9.0M. Total functional expenses rose by 12.6%, from $3.0M to $3.4M. In its most recent filing year (2023), Cardinal And Gold Fund Inc reported a deficit of $171K, with expenses exceeding revenue. The organization holds $191K in liabilities against $9.0M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.4M | $9.0M | $191K | — | View 990 |
| 2022 | $3.4M | $2.9M | $8.9M | $462K | — | View 990 |
| 2021 | $2.7M | $3.6M | $8.8M | $237K | — | View 990 |
| 2020 | $2.0M | $2.8M | $8.6M | $431K | — | View 990 |
| 2019 | $2.4M | $4.4M | $9.1M | $515K | — | View 990 |
| 2018 | $2.7M | $4.1M | $10.6M | $77K | — | View 990 |
| 2017 | $5.6M | $3.8M | $11.5M | $77K | — | View 990 |
| 2016 | $3.0M | $3.1M | $9.6M | $291K | — | View 990 |
| 2015 | $2.9M | $3.6M | $10.0M | $337K | — | View 990 |
| 2014 | $1.7M | $3.5M | $12.7M | $184K | — | View 990 |
| 2013 | $2.3M | $3.5M | $13.6M | $552K | — | View 990 |
| 2012 | $1.9M | $2.5M | $14.3M | $280K | — | View 990 |
| 2011 | $4.4M | $3.0M | $14.2M | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.4M, and assets of $9.0M (revenue -6.8% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.9M, and assets of $8.9M (revenue +28.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $3.6M, and assets of $8.8M (revenue +31.9% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.8M, and assets of $8.6M (revenue -15.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $4.4M, and assets of $9.1M (revenue -10.2% year-over-year).
- 2018: Revenue of $2.7M, expenses of $4.1M, and assets of $10.6M (revenue -52.1% year-over-year).
- 2017: Revenue of $5.6M, expenses of $3.8M, and assets of $11.5M (revenue +84.6% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.1M, and assets of $9.6M (revenue +6.2% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.6M, and assets of $10.0M (revenue +64.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $3.5M, and assets of $12.7M (revenue -25.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $3.5M, and assets of $13.6M (revenue +23.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.5M, and assets of $14.3M (revenue -57.3% year-over-year).
- 2011: Revenue of $4.4M, expenses of $3.0M, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cardinal And Gold Fund Inc:
Data Sources and Methodology
This transparency report for Cardinal And Gold Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.