Lake Cumberland Housing Agency Inc

Analysis

Lake Cumberland Housing Agency Inc is a registered charity in United States, based in Jamestown, KY. It received its IRS tax-exemption ruling in September 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Lake Cumberland Housing Agency Inc reported income of $994k and spending of $976k, spending 98% of its income. Across the 6 years on record, from January 2019 to January 2024, income grew from $623k to $994k (+60%), an average of +9.8% a year. The sharpest change came in the year to January 2022, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake Cumberland Housing Agency Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Life House Recovery Homes Inc ($994k), Betty Kwan Chinn Homeless Foundation ($995k) and Friends of Boston Homeless Inc ($993k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 51% and program service revenue 46% of the total. Other salaries and wages came to $221k. At year end it held assets of $3.0m against liabilities of $1.9m, net assets of $1.1m. It reported 28 employees.