Cedar Lake Foundation Inc

Analysis

Cedar Lake Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Cedar Lake Foundation Inc reported income of $1.6m and spending of $1.1m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.6m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Lake Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Ecumenical Social Action Committee Inc ($1.6m), Childrens Assessment Center ($1.6m) and Madonna Place Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $268k. At year end it held assets of $28.7m against liabilities of $336k, net assets of $28.4m.