Overview
What is Cardinal Charities Inc?
Cardinal Charities Inc, located in Phoenix, Arizona, is a charitable organization dedicated to supporting other nonprofit entities. Their primary mission is to raise and distribute funds to Section 501(C)(3) organizations, with a specific focus on educational and medical research institutions, as well as those aiding low-income families and children. During the COVID-19 pandemic, Cardinal Charities has shown an added commitment to organizations involved in relief efforts. Their work extends beyond monetary assistance, as they help further the exempt purposes of these organizations, ultimately contributing to the advancement of education, healthcare, and poverty alleviation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Cardinal Charities Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 87% in its accountability and finance measures. This rating indicates a strong commitment to ethical practices, transparency, and effective financial management, which is crucial for potential donors assessing the charity's reliability and impact.
The organization demonstrates exemplary governance with a board composed entirely of independent members, earning full points in this criteria. Additionally, Cardinal Charities has established robust audit and oversight mechanisms, and it has a commendable program expense ratio of 98.84%, showing that nearly all of its expenses are directed towards its programs rather than administrative costs.
While the financial health indicators appear strong, the single beacon score based on accountability and finance means that other areas of effectiveness and impact are not evaluated in this rating. Donors may want to seek additional information about the charity's program outcomes and overall mission effectiveness for a more comprehensive view.
This AI summary has been generated from information found on Charity Navigator.
Is Cardinal Charities Inc legitimate?
Cardinal Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cardinal Charities Inc?
Cardinal Charities Inc's mission is centered around raising and dispersing funds to qualified 501(c)(3) organizations. Primary recipients of these funds are organizations that focus on education and medical research, as well as those that aid families, particularly low-income families and children. The distribution of grants further advances the organization's exempt purpose by assisting other exempt organizations that promote education, healthcare, and alleviate poverty. In addition, Cardinal Charities Inc has a special focus on organizations providing COVID-19 relief efforts.
Who is the CEO of Cardinal Charities Inc?
Gregory T Lee is the Treasurer/Asst. Sec. of Cardinal Charities Inc.
What is the revenue of Cardinal Charities Inc?
Cardinal Charities Inc's revenue in 2023 was $1,789,256.
Who are the executives of Cardinal Charities Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cardinal Charities Inc?
Cardinal Charities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cardinal Charities Inc
Cardinal Charities Inc is an organization with a mission to raise and distribute funds to other qualified 501(c)(3) entities. The primary focus of its grant-making activities is to support organizations that promote education and medical research, as well as assist families, with a particular emphasis on low-income families and children. By distributing these grants, Cardinal Charities Inc furthers its exempt purpose, helping other exempt organizations that foster education, healthcare, and poverty alleviation. During the COVID-19 pandemic, Cardinal Charities Inc has also shown a commitment to organizations providing relief efforts related to the virus.
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Impact
July, 2024
Cardinal Charities Inc's impact is significant as it plays a crucial role in distributing grants to various nonprofit organizations that focus on education, healthcare, poverty alleviation, and COVID-19 relief efforts. By raising and distributing funds to qualified organizations, Cardinal Charities Inc helps support initiatives that benefit low-income families, children, and contribute to medical research. Through its philanthropic endeavors, Cardinal Charities Inc is able to make a positive difference in the community by providing vital resources to organizations dedicated to these important causes.
This information is meant to be a general summary of Cardinal Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,756
- Gross Receipts: $2,802,486
Assets and Liabilities:
- Total Assets: $4,232,673
- Total Liabilities: $945,750
- Net Assets: $3,286,923
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Organization Details
Founding Year
1990
Phone
(602) 379-0101Principal Officer
Gregory T Lee
Main Address
PO BOX 888, PHOENIX, AZ, 850010888
NTEE Category
Code: T700 - Philanthropy
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