The Cedarmore Corporation

Analysis

The Cedarmore Corporation is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, The Cedarmore Corporation reported income of $163k and spending of $139k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $109k to $163k (+49%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Cedarmore Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Algonquin Sports Inc ($162k), Hazel Green Gymnastics Club ($163k) and Lancaster Youth Football and Cheer Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.