Cedar Lake Village Inc

Analysis

Cedar Lake Village Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in September 1999, 27 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, Cedar Lake Village Inc reported income of $14.7m and spending of $14.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $14.7m (+22%), an average of +5.2% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Lake Village Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within SD. Charities of a similar size with the same main cause include Southwest Minnesota Housing Partnership ($14.7m), Caritas Affordable Housing Inc ($14.7m) and Lutheran Home for the Aged Association - West ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. At year end it held assets of $33.4m against liabilities of $23.9m, net assets of $9.5m.