Cedar Rapids Keys to Living

Analysis

Cedar Rapids Keys to Living is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Cedar Rapids Keys to Living reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.3m to $1.1m (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Rapids Keys to Living sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Star Outreach - Neighbors Helping Neighbors ($1.1m), Paradise Care Inc ($1.1m) and Childrens Network of Solano County ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $498k. At year end it held assets of $616k against liabilities of $58k, net assets of $559k. It reported 18 employees.