Cedar Lake-St Matthews Inc

Analysis

Cedar Lake-St Matthews Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 1998, 28 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-St Matthews Inc reported income of $89k and spending of $92k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $89k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Lake-St Matthews Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include Spiritual United Nations ($89k), Optimal Innovation Group ($89k) and High Country Supported Living ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $252k against liabilities of $17k, net assets of $235k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.