Lake Cumberland Sober Living Inc

Analysis

Lake Cumberland Sober Living Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 Cumberland Sober Living Inc reported income of $226k and spending of $180k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $226k (+1.6%), an average of +1.6% a year. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Cumberland Sober Living Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Institute of Classical Architecture and Art Inc ($226k), Sullivan County Multi-Purpose Senior Center Inc ($226k) and Rohnert Park Soccer Club Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. Compensation of current officers, directors and key employees was $17k (9.4% of expenses). Other salaries and wages came to $54k. At year end it held assets of $213k against liabilities of $42k, net assets of $171k. It reported 11 employees.