Cedar Lake Washburn Inc

Analysis

Cedar Lake Washburn Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2013, 13 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 Washburn Inc reported income of $80k and spending of $99k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $80k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Lake Washburn Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include South Georgia Ministries Inc ($80k), Keys Enabling Your Success Inc ($80k) and Lyons Falls Housing Development Fund Company Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $795k against liabilities of $17k, net assets of $777k.

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.