The Cum Laude Society Inc

Analysis

The Cum Laude Society Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Cum Laude Society Inc reported income of $260k and spending of $196k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $179k to $260k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Cum Laude Society Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Redi IV ($260k), California Scholarship Federation ($260k) and Pinecrest Camp and Conference Center ($260k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 56% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 2 employees.