Cumberland Mountain Industries Inc

Analysis

Cumberland Mountain Industries Inc is a registered charity in United States, based in Tazewell, TN. It received its IRS tax-exemption ruling in June 1987, 39 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 June 2023, Cumberland Mountain Industries Inc reported income of $3.8m and spending of $3.1m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.8m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cumberland Mountain Industries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($3.8m), Childcare Network of Evanston ($3.8m) and Klamath Lake Counties Food Bank ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $145k (4.6% of expenses). At year end it held assets of $4.7m against liabilities of $106k, net assets of $4.5m. It reported 102 employees.