Cranberry Lake North Shore Hub

Analysis

Cranberry Lake North Shore Hub is a registered charity in United States, based in Cranberry Lake, NY. It received its IRS tax-exemption ruling in August 2019, 7 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 (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, Cranberry Lake North Shore Hub reported income of $51k and spending of $35k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $51k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 23% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cranberry Lake North Shore Hub sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Women Leaders in Law Enforcement Foundation ($51k), Lilburn Womens Club ($51k) and Commercial Kitchen Coop of Cape Cod ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.