Cedar Lake-Cherrywood Inc

Analysis

Cedar Lake-Cherrywood Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Cedar Lake-Cherrywood Inc reported income of $101k and spending of $68k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $101k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 268%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Lake-Cherrywood Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include House of Loving Hands ($101k), Atlantic County Ilc Inc ($101k) and Project Share IV Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 40% of the total. At year end it held assets of $285k against liabilities of $14k, net assets of $271k.