Cumbernauld Village Inc

Analysis

Cumbernauld Village Inc is a registered charity in United States, based in Winfield, KS. It received its IRS tax-exemption ruling in December 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cumbernauld Village Inc reported income of $6.3m and spending of $5.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.3m (+17%), an average of +4.0% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cumbernauld Village Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Sacramento Housing Authority Repositioning Program Inc ($6.3m), Fair Share Housing Development Inc ($6.3m) and Housing Alternatives Development Company ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $166k (2.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.5m against liabilities of $2.2m, net assets of $3.3m. It reported 158 employees.