Lake Cumberland Housing Development Company

Analysis

Lake Cumberland Housing Development Company is a registered charity in United States, based in Jamestown, KY. It received its IRS tax-exemption ruling in February 1985, 41 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 September 2024, Lake Cumberland Housing Development Company reported income of $275k and spending of $293k, spending 107% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $236k to $275k (+16%), an average of +3.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake Cumberland Housing Development Company sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($275k), Big Daisy Corp ($275k) and Micah Housing Inc ($275k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 70% and program service revenue 28% of the total. Other salaries and wages came to $51k. At year end it held assets of $495k against liabilities of $866k, net assets of -$371k.