Cedar Lake - L Esprit Inc

Analysis

Cedar Lake - L Esprit Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedar Lake - L Esprit Inc reported income of $98k and spending of $119k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $98k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Lake - L Esprit Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Coulee Housing Development Corporation ($98k), Veteran Housing Corp ($98k) and John Milton Manor Corp ($98k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $747k against liabilities of $28k, net assets of $719k.

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.