Cook Inlet Lending Center Inc

Analysis

Cook Inlet Lending Center Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in April 2002, 24 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, Cook Inlet Lending Center Inc reported income of $3.5m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 779%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cook Inlet Lending Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include The Downtown St Louis Community Improvement District Inc ($3.5m), Tulsas Future Inc ($3.5m) and Operating Engineer and Northern Ca Affirmative Action Training Fund ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $29.8m against liabilities of $14.5m, net assets of $15.3m. It reported 17 employees.