Cedar Lane Senior Living Community III Inc

Analysis

Cedar Lane Senior Living Community III Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in June 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 Lane Senior Living Community III Inc reported income of $541k and spending of $588k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $554k to $541k (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Lane Senior Living Community III Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Rockland Street Elderly Housing Inc ($540k), Lima Ecumenical Housing Corp ($541k) and Meadow Park Independent Living Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $40k (6.9% of expenses). Other salaries and wages came to $135k. At year end it held assets of $2.3m against liabilities of $1.7m, net assets of $583k. It reported 38 employees.