Cumberland Land Trust Inc

Analysis

Cumberland Land Trust Inc is a registered charity in United States, based in Cumberland, RI. It received its IRS tax-exemption ruling in July 1990, 36 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cumberland Land Trust Inc reported income of $50k and spending of $11k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $50k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cumberland Land Trust Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within RI. Charities of a similar size with the same main cause include Ser-Kallai Inc ($50k), Vestavia Hills Parent Teacher Organization Inc ($50k) and Childrens Concerns of St Joseph County Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.