Lake Cumberland Community Action Agency Inc

Analysis

Lake Cumberland Community Action Agency Inc is a registered charity in United States, based in Jamestown, KY. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Lake Cumberland Community Action Agency Inc reported income of $18.7m and spending of $18.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $13.9m to $18.7m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Cumberland Community Action Agency 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 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Arc Broward Inc ($18.7m), The Montgomery County Coalition for the Homeless Inc ($18.7m) and Shoes That Fit ($18.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5.2m (28% of expenses). At year end it held assets of $12.5m against liabilities of $3.9m, net assets of $8.6m. It reported 259 employees.