Cedar Cove Inc

Analysis

Cedar Cove Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedar Cove Inc reported income of $317k and spending of $327k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $309k to $317k (+2.4%), an average of +2.4% a year. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cedar Cove Inc 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 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Bhagwan Shree Lakshmi Narayan Dham Inc ($317k), Washington County Council of Churches ($317k) and David Chung Ministries International ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $269k. At year end it held assets of $43k against liabilities of $1,888, net assets of $41k. It reported 3 employees.