Lake Cunningham Development Trust

Analysis

Lake Cunningham Development Trust is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Lake Cunningham Development Trust reported income of $893k and spending of $1.7m, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $893k (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Cunningham Development Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NE. Charities of a similar size with the same main cause include Midway Boosters Inc ($892k), Lower Dupage River Watershed Coalition ($894k) and South Central Partnership for Energy Efficiency As a Resource ($891k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $227k (14% of expenses). Other salaries and wages came to $452k. At year end it held assets of $5.7m against liabilities of $110k, net assets of $5.6m. It reported 31 employees.