Cedar Growth

Analysis

Cedar Growth is a registered charity in United States, based in Black River Falls, WI. It received its IRS tax-exemption ruling in April 2015, 11 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 2022, Cedar Growth reported income of $833k and spending of $672k, spending 81% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $701k to $833k (+19%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Growth sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Idaho Freedom Foundation Inc ($833k), Placer Independent Resource Services ($833k) and Neighborlink Fort Wayne Foundation Inc ($833k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $138k (20% of expenses). Other salaries and wages came to $219k. At year end it held assets of $3.3m against liabilities of $1.2m, net assets of $2.1m. It reported 10 employees.