Cumberland River Homes Inc

Analysis

Cumberland River Homes Inc is a registered charity in United States, based in Salem, KY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cumberland River Homes Inc reported income of $3.4m and spending of $2.8m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cumberland River Homes Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Waves Inc ($3.4m), Loaves and Fishes for St Louis Inc ($3.4m) and Homeaid America Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $243k (8.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $23k, net assets of $1.4m. It reported 44 employees.