Cedarcroft Home Inc

Analysis

Cedarcroft Home Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Cedarcroft Home Inc reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cedarcroft Home Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Diaz Memorial Ambulance Service Inc ($2.6m), Hancock Regional Hospital Foundation Inc ($2.6m) and ALS United North Carolina ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $839k against liabilities of $74k, net assets of $765k. It reported 70 employees.