Cedar Lake Keeling Inc
Cedar Lake Keeling Inc. faces consistent operational deficits despite substantial assets and no reported officer compensation.
EIN: 205075911 · Louisville, KY · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37 |
| Total Expenses | $33K |
| Program Spending | 70% |
| Net Assets | $523K |
| Transparency Score | 65/100 |
Is Cedar Lake Keeling Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cedar Lake Keeling Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cedar Lake Keeling Inc
Cedar Lake Keeling Inc (EIN: 205075911) is a nonprofit organization based in Louisville, KY, classified under NTEE code P82. The organization reported total revenue of $37 and total assets of $575K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedar Lake Keeling Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedar Lake Keeling Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -34.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $661 |
| Total Expenses | $33K |
| Surplus / Deficit | $-32,792 |
| Total Assets | $603K |
| Total Liabilities | $80K |
| Net Assets | $523K |
| Operating Margin | -4961.0% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 216.3 months |
Financial Health Grade: B
In 2023, Cedar Lake Keeling Inc reported a deficit of $33K with expenses exceeding revenue, holds 216.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Cedar Lake Keeling Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.4% | -63.1% | +0.2% |
| 2022 | -53.8% | -15.7% | -3.1% |
| 2021 | +28.4% | +3.0% | -4.5% |
| 2020 | -0.5% | +6.7% | -3.8% |
| 2019 | -48.5% | -35.1% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cedar Lake Keeling Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cedar Lake Keeling Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a positive sign for resource allocation given its operational deficits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cedar Lake Keeling Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most periods)
- Significant increase in liabilities to $80,111 in 2023
- Drastic and unexplained drop in latest reported revenue to $37
- Declining asset base over several years (e.g., from $811,310 in 2015 to $603,051 in 2023)
Strengths
The following positive indicators were identified for Cedar Lake Keeling Inc:
- Consistent 0% officer compensation, indicating dedication and efficient use of funds in this area
- Maintains a substantial asset base ($603,051 in 2023) despite operational deficits
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting
Frequently Asked Questions about Cedar Lake Keeling Inc
Is Cedar Lake Keeling Inc a legitimate charity?
Cedar Lake Keeling Inc (EIN: 205075911) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $37. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cedar Lake Keeling Inc spend its money?
Cedar Lake Keeling Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Cedar Lake Keeling Inc tax-deductible?
Cedar Lake Keeling Inc is registered as a tax-exempt nonprofit (EIN: 205075911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cedar Lake Keeling Inc's spending goes to programs?
Cedar Lake Keeling Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Cedar Lake Keeling Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Cedar Lake Keeling Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cedar Lake Keeling Inc located?
Cedar Lake Keeling Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205075911. It is classified under NTEE code P82.
How many years of IRS 990 filings does Cedar Lake Keeling Inc have?
Cedar Lake Keeling Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $37 in total revenue.
Is Cedar Lake Keeling Inc. financially sustainable given its consistent operational deficits?
The organization has consistently spent more than it earned in recent years (e.g., $90,724 expenses vs. $41,208 revenue in 2022), raising concerns about its long-term financial sustainability despite its asset base.
What caused the drastic drop in reported revenue to $37 in the latest period?
The latest reported revenue of $37 is an extreme outlier compared to historical revenues (e.g., $661 in 2023, $41,208 in 2022) and requires further investigation to understand the cause and its implications for the organization's current operations.
How does Cedar Lake Keeling Inc. cover its operational deficits?
With consistent expenses exceeding revenue, the organization likely draws from its assets or relies on other undisclosed funding sources to cover its operational deficits, which is not sustainable indefinitely.
Filing History
IRS 990 filing history for Cedar Lake Keeling Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Cedar Lake Keeling Inc's revenue has declined by 99.1%, moving from $70K to $661. Total assets decreased by 28.7% over the same period, from $845K to $603K. Total functional expenses fell by 61.7%, from $87K to $33K. In its most recent filing year (2023), Cedar Lake Keeling Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $80K in liabilities against $603K in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $523K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $661 | $33K | $603K | $80K | — | — |
| 2022 | $41K | $91K | $602K | $46K | — | View 990 |
| 2021 | $89K | $108K | $621K | $16K | — | — |
| 2020 | $69K | $104K | $650K | $26K | — | View 990 |
| 2019 | $70K | $98K | $676K | $17K | — | View 990 |
| 2018 | $136K | $151K | $705K | $18K | — | View 990 |
| 2017 | $35K | $49K | $718K | $16K | — | View 990 |
| 2017 | $70K | $96K | $730K | $14K | — | View 990 |
| 2016 | $70K | $99K | $757K | $15K | — | View 990 |
| 2015 | $68K | $99K | $811K | $40K | — | View 990 |
| 2014 | $68K | $112K | $814K | $13K | — | View 990 |
| 2013 | $104K | $91K | $854K | $9K | — | View 990 |
| 2012 | $70K | $87K | $845K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $661, expenses of $33K, and assets of $603K (revenue -98.4% year-over-year).
- 2022: Revenue of $41K, expenses of $91K, and assets of $602K (revenue -53.8% year-over-year).
- 2021: Revenue of $89K, expenses of $108K, and assets of $621K (revenue +28.4% year-over-year).
- 2020: Revenue of $69K, expenses of $104K, and assets of $650K (revenue -0.5% year-over-year).
- 2019: Revenue of $70K, expenses of $98K, and assets of $676K (revenue -48.5% year-over-year).
- 2018: Revenue of $136K, expenses of $151K, and assets of $705K (revenue +288.4% year-over-year).
- 2017: Revenue of $35K, expenses of $49K, and assets of $718K (revenue -50.0% year-over-year).
- 2017: Revenue of $70K, expenses of $96K, and assets of $730K (revenue +0.0% year-over-year).
- 2016: Revenue of $70K, expenses of $99K, and assets of $757K (revenue +2.5% year-over-year).
- 2015: Revenue of $68K, expenses of $99K, and assets of $811K (revenue +0.7% year-over-year).
- 2014: Revenue of $68K, expenses of $112K, and assets of $814K (revenue -34.9% year-over-year).
- 2013: Revenue of $104K, expenses of $91K, and assets of $854K (revenue +48.9% year-over-year).
- 2012: Revenue of $70K, expenses of $87K, and assets of $845K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedar Lake Keeling Inc:
Data Sources and Methodology
This transparency report for Cedar Lake Keeling Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.