Cathedral Fund
Cathedral Fund faces persistent operating deficits and declining assets over the past decade.
EIN: 133843243 · New York, NY · NTEE: B82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $400K |
| Net Assets | $5.8M |
| Transparency Score | 30/100 |
Is Cathedral Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cathedral Fund
Cathedral Fund (EIN: 133843243) is a nonprofit organization based in New York, NY, classified under NTEE code B82Z. The organization reported total revenue of $4.3M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cathedral Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cathedral Fund is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $169K |
| Total Expenses | $400K |
| Surplus / Deficit | $-230,813 |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | -136.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.0 months |
Financial Health Grade: B
In 2023, Cathedral Fund reported a deficit of $231K with expenses exceeding revenue, holds 174.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cathedral Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -69.2% | -3.8% |
| 2022 | -50.6% | +130.2% | -7.5% |
| 2021 | +41.4% | +22.2% | -2.8% |
| 2020 | +26.4% | -43.6% | -2.9% |
| 2019 | -67.6% | +9.6% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Cathedral Fund with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Cathedral Fund allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is embedded within other expense categories, which would reduce transparency.
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 Cathedral Fund's IRS 990 filings:
- Consistent operating deficits over multiple years (e.g., $169,187 revenue vs. $400,000 expenses in 2023).
- Significant decline in assets from $7,609,840 in 2014 to $5,800,850 in 2023, indicating reliance on reserves.
- Highly volatile and generally low revenue in recent years compared to expenses.
- Lack of detailed expense breakdown to assess program, administrative, and fundraising spending ratios.
- Unexplained discrepancy between 'latest revenue' and recent IRS 990 reported revenues.
Strengths
The following positive indicators were identified for Cathedral Fund:
- Very low reported liabilities ($0 or $1), indicating minimal debt burden.
- Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-driven leadership.
Frequently Asked Questions about Cathedral Fund
Is Cathedral Fund a legitimate charity?
Cathedral Fund (EIN: 133843243) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.3M. 5 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cathedral Fund spend its money?
Cathedral Fund reported $4.3M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cathedral Fund tax-deductible?
Cathedral Fund is registered as a tax-exempt nonprofit (EIN: 133843243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cathedral Fund compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Cathedral Fund is below average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cathedral Fund located?
Cathedral Fund is headquartered in New York, New York and files with the IRS under EIN 133843243. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Cathedral Fund have?
Cathedral Fund has 10 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 $4.3M in total revenue.
How does Cathedral Fund cover its consistent operating deficits?
The organization appears to be covering its consistent operating deficits by drawing down its assets, which have decreased from $7,609,840 in 2014 to $5,800,850 in 2023.
What is the nature of the 'latest revenue' of $4,322,848, given recent years' much lower revenues?
The 'latest revenue' figure of $4,322,848 is significantly higher than the revenues reported in the most recent IRS 990 filings (e.g., $169,187 in 2023, $184,545 in 2022), suggesting a potential one-time large donation or a different reporting period, which requires further clarification to understand its impact on the organization's financial health.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-run organization at the executive level or that executive compensation is categorized under other expense lines, which could obscure the true cost of leadership.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses from the IRS 990 filings, it is impossible to determine the specific program activities and their associated costs, making it difficult to assess program efficiency.
Filing History
IRS 990 filing history for Cathedral Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cathedral Fund's revenue has grown by 46.2%, moving from $116K to $169K. Total assets increased by 107.6% over the same period, from $2.8M to $5.8M. Total functional expenses rose by 31.6%, from $304K to $400K. In its most recent filing year (2023), Cathedral Fund reported a deficit of $231K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $169K | $400K | $5.8M | $1 | — | — |
| 2022 | $185K | $1.3M | $6.0M | $1 | — | View 990 |
| 2021 | $374K | $564K | $6.5M | $1 | — | — |
| 2020 | $264K | $462K | $6.7M | $1 | — | — |
| 2019 | $209K | $818K | $6.9M | $1 | — | View 990 |
| 2015 | $645K | $746K | $7.5M | $1 | — | View 990 |
| 2014 | $5.1M | $11K | $7.6M | $0 | — | View 990 |
| 2013 | $182K | $296K | $2.5M | $0 | — | View 990 |
| 2012 | $83K | $277K | $2.6M | $1 | — | View 990 |
| 2011 | $116K | $304K | $2.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $169K, expenses of $400K, and assets of $5.8M (revenue -8.3% year-over-year).
- 2022: Revenue of $185K, expenses of $1.3M, and assets of $6.0M (revenue -50.6% year-over-year).
- 2021: Revenue of $374K, expenses of $564K, and assets of $6.5M (revenue +41.4% year-over-year).
- 2020: Revenue of $264K, expenses of $462K, and assets of $6.7M (revenue +26.4% year-over-year).
- 2019: Revenue of $209K, expenses of $818K, and assets of $6.9M (revenue -67.6% year-over-year).
- 2015: Revenue of $645K, expenses of $746K, and assets of $7.5M (revenue -87.4% year-over-year).
- 2014: Revenue of $5.1M, expenses of $11K, and assets of $7.6M (revenue +2717.0% year-over-year).
- 2013: Revenue of $182K, expenses of $296K, and assets of $2.5M (revenue +118.7% year-over-year).
- 2012: Revenue of $83K, expenses of $277K, and assets of $2.6M (revenue -28.0% year-over-year).
- 2011: Revenue of $116K, expenses of $304K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cathedral Fund:
Data Sources and Methodology
This transparency report for Cathedral Fund 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.