Lake Cumberland Mr Independent Living Complex Inc

Analysis

Lake Cumberland Mr Independent Living Complex Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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, Lake Cumberland Mr Independent Living Complex Inc reported income of $373k and spending of $348k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $373k (+8.4%), an average of +2.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Cumberland Mr Independent Living Complex Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Students in the Arts Alliance Inc ($373k), Better Wyoming ($373k) and Unitypoint Health-Marshalltown Foundation ($373k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $124k. At year end it held assets of $485k against liabilities of $544k, net assets of -$59k.