Cumberland Region Tomorrow

Analysis

Cumberland Region Tomorrow is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Cumberland Region Tomorrow reported income of $92k and spending of $133k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $92k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cumberland Region Tomorrow sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Nptu Chief Petty Officers Association ($92k), Fort Lauderdale Rotary 1090 Foundation Inc ($92k) and Frank Lloyd Wrights Burnham Block Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $90k against liabilities of -$1,515, net assets of $91k.

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.