Lake Cumberland Development Council Inc

Analysis

Lake Cumberland Development Council Inc is a registered charity in United States, based in Russell SPGS, KY. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Lake Cumberland Development Council Inc reported income of $153k and spending of $152k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $192k to $153k (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income rose by 229%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Cumberland Development Council Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include Junior League of Longview ($153k), Yielding Accomplished African Women ($153k) and Smoky Mountain Home Builders Assoc Inc ($153k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.4m.