Cedar Lane Senior Living Community II Inc

Analysis

Cedar Lane Senior Living Community II Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 Lane Senior Living Community II Inc reported income of $904k and spending of $711k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $929k to $904k (-2.7%), an average of -0.7% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedar Lane Senior Living Community II Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Santa Clara Hockey Association ($904k), Jewish Burial Society of Pinellas County Inc ($904k) and Project R I D E Incorporated ($904k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $69k (9.6% of expenses). Other salaries and wages came to $215k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 38 employees.