Cedar Hill Shares Inc

Analysis

Cedar Hill Shares Inc is a registered charity in United States, based in Cedar Hill, TX. It received its IRS tax-exemption ruling in June 1996, 30 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 Hill Shares Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $863k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Hill Shares Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Community Resources Staten Island Inc ($1.2m), Families Anchored in Total Harmony Inc ($1.2m) and Beginning Futures 2 ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $46k (3.8% of expenses). Other salaries and wages came to $66k. At year end it held assets of $723k against liabilities of $3,221, net assets of $720k. It reported 7 employees.

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.