Lumber River Cog Housing Corporation

Analysis

Lumber River Cog Housing Corporation is a registered charity in United States, based in Pembroke, NC. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Lumber River Cog Housing Corporation reported income of $164k and spending of $307k, spending 187% of what it took in. The sharpest change came in the year to June 2022, when income rose by 165%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lumber River Cog Housing Corporation 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 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include I H a Inc ($164k), Rippling Waters ($164k) and St James Development Corporation Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $4.8m against liabilities of $6,311, net assets of $4.8m.

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.