Cedar Park Inc

Analysis

Cedar Park Inc is a registered charity in United States, based in Hobart, OK. It received its IRS tax-exemption ruling in April 2018, 8 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 June 2024, Cedar Park Inc reported income of $94k and spending of $129k, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $78k to $94k (+21%), an average of +4.8% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Park Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within OK. Charities of a similar size with the same main cause include Coburn Woods Inc ($94k), Wheatley Manor Apartments Inc ($94k) and Portage Homes for Elderly Inc ($94k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $882k against liabilities of $1.3m, net assets of -$422k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.