Cumberland Land Trust Inc
Cumberland Land Trust: Strong Asset Base, Fluctuating Revenue
EIN: 223020024 · Cumberland, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $11K |
| Program Spending | 80% |
| Net Assets | $5.2M |
| Transparency Score | 75/100 |
Is Cumberland Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cumberland Land Trust Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cumberland Land Trust Inc
Cumberland Land Trust Inc (EIN: 223020024) is a nonprofit organization based in Cumberland, RI. The organization reported total revenue of $66K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cumberland Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cumberland Land Trust Inc is a micro nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $11K |
| Surplus / Deficit | +$39K |
| Total Assets | $5.2M |
| Net Assets | $5.2M |
| Operating Margin | 78.4% |
| Months of Reserves | 5745.6 months |
Financial Health Grade: A
In 2023, Cumberland Land Trust Inc reported a surplus of $39K with revenue exceeding expenses, holds 5745.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Cumberland Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.8% | -35.9% | +0.8% |
| 2022 | +20.1% | -26.8% | +1.1% |
| 2021 | -13.9% | +31.1% | +0.8% |
| 2020 | -33.8% | +41.2% | +1.1% |
| 2019 | -91.2% | +22.8% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Cumberland Land Trust Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cumberland Land Trust Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within general expenses.
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 Cumberland Land Trust Inc's IRS 990 filings:
- Significant revenue fluctuation, with a peak of $1,223,364 in 2018 dropping to $66,143 in 2023, warrants further investigation into funding sources and sustainability.
- Lack of detailed program spending breakdown beyond general expenses makes it difficult to assess program efficiency and impact.
- Absence of specific executive compensation figures prevents a thorough analysis of leadership remuneration relative to organizational size and mission.
Strengths
The following positive indicators were identified for Cumberland Land Trust Inc:
- Consistent growth in assets from $3,536,139 in 2016 to $5,271,206 in 2023 demonstrates strong financial stewardship and long-term stability.
- Low reported expenses relative to assets suggest efficient operations.
- Consistent filing of financial documents indicates good compliance and transparency regarding overall financial health.
Frequently Asked Questions about Cumberland Land Trust Inc
Is Cumberland Land Trust Inc a legitimate charity?
Cumberland Land Trust Inc (EIN: 223020024) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $66K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cumberland Land Trust Inc spend its money?
Cumberland Land Trust Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cumberland Land Trust Inc tax-deductible?
Cumberland Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 223020024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cumberland Land Trust Inc's spending goes to programs?
Cumberland Land Trust Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cumberland Land Trust Inc located?
Cumberland Land Trust Inc is headquartered in Cumberland, Rhode Island and files with the IRS under EIN 223020024.
How many years of IRS 990 filings does Cumberland Land Trust Inc have?
Cumberland Land Trust 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 $66K in total revenue.
What does Cumberland Land Trust Inc do?
Cumberland Land Trust Inc is a nonprofit organization in the Unknown sector, located in Cumberland, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Cumberland Land Trust Inc have?
Cumberland Land Trust Inc reported total revenue of $66,143. Based on 13 IRS 990 filings on record.
What are Cumberland Land Trust Inc's total assets?
Cumberland Land Trust Inc holds total assets of $5,271,206 as reported in IRS 990 filings.
Where is Cumberland Land Trust Inc located?
Cumberland Land Trust Inc is based in Cumberland, Rhode Island.
What is Cumberland Land Trust Inc's EIN?
Cumberland Land Trust Inc's Employer Identification Number (EIN) is 223020024. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cumberland Land Trust Inc?
Cumberland Land Trust Inc is classified under NTEE code Unknown (Unknown).
Is Cumberland Land Trust Inc a registered 501(c)(3)?
Cumberland Land Trust Inc appears in IRS records (EIN: 223020024). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cumberland Land Trust Inc file IRS Form 990?
Yes, Cumberland Land Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cumberland Land Trust Inc's revenue in 2023?
In the 202312 filing period, Cumberland Land Trust Inc reported total revenue of $50,389, total expenses of $10,907, and net assets of $5,222,242.
Is Cumberland Land Trust Inc's revenue growing or declining?
Cumberland Land Trust Inc's revenue is declining. Revenue went from $73,850 (202212) to $50,389 (202312), a -31.8% change. Based on 13 filings on record.
What is Cumberland Land Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cumberland Land Trust Inc covers tax period 202312. It shows revenue of $50,389, expenses of $10,907, total assets of $5,222,242, and liabilities of N/A.
How much does Cumberland Land Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Cumberland Land Trust Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cumberland Land Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cumberland Land Trust Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Cumberland Land Trust Inc?
The following concerns were identified: Significant revenue fluctuation, with a peak of $1,223,364 in 2018 dropping to $66,143 in 2023, warrants further investigation into funding sources and sustainability.. Lack of detailed program spending breakdown beyond general expenses makes it difficult to assess program efficiency and impact.. Absence of specific executive compensation figures prevents a thorough analysis of leadership remuneration relative to organizational size and mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cumberland Land Trust Inc's strengths?
Positive indicators for Cumberland Land Trust Inc include: Consistent growth in assets from $3,536,139 in 2016 to $5,271,206 in 2023 demonstrates strong financial stewardship and long-term stability.. Low reported expenses relative to assets suggest efficient operations.. Consistent filing of financial documents indicates good compliance and transparency regarding overall financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Cumberland Land Trust Inc compensate executives?
Executive compensation is not detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within general expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic revenue spike in 2018 ($1,223,364) and subsequent decline to $66,143 in 2023, and how does the organization plan to stabilize its funding?
The provided data does not specify the cause of the 2018 revenue spike or the subsequent decline. This significant fluctuation suggests a reliance on potentially one-time large donations or grants, and understanding the strategy for future revenue stability is crucial.
Given the substantial asset base of $5,271,206, how does Cumberland Land Trust leverage these assets to achieve its mission, and what is the return on these assets in terms of conservation outcomes?
While the asset base is strong, the provided data does not detail how these assets are specifically utilized for conservation programs or the measurable impact they generate. Further information on asset deployment and program outcomes would be beneficial.
Filing History
IRS 990 filing history for Cumberland Land Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cumberland Land Trust Inc's revenue has grown by 56.8%, moving from $32K to $50K. Total assets increased by 120.1% over the same period, from $2.4M to $5.2M. Total functional expenses fell by 81.8%, from $60K to $11K. In its most recent filing year (2023), Cumberland Land Trust Inc reported a surplus of $39K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $11K | $5.2M | $0 | — | — |
| 2022 | $74K | $17K | $5.2M | $0 | — | — |
| 2021 | $61K | $23K | $5.1M | $0 | — | View 990 |
| 2020 | $71K | $18K | $5.1M | $0 | — | View 990 |
| 2019 | $108K | $13K | $5.0M | $0 | — | View 990 |
| 2018 | $1.2M | $10K | $4.9M | $0 | — | View 990 |
| 2017 | $62K | $12K | $3.7M | $0 | — | View 990 |
| 2016 | $37K | $33K | $3.5M | $0 | — | View 990 |
| 2015 | $38K | $20K | $2.9M | $0 | — | View 990 |
| 2014 | $70K | $47K | $2.9M | $0 | — | View 990 |
| 2013 | $38K | $33K | $2.4M | $0 | — | View 990 |
| 2012 | $38K | $36K | $2.4M | $0 | — | View 990 |
| 2011 | $32K | $60K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $11K, and assets of $5.2M (revenue -31.8% year-over-year).
- 2022: Revenue of $74K, expenses of $17K, and assets of $5.2M (revenue +20.1% year-over-year).
- 2021: Revenue of $61K, expenses of $23K, and assets of $5.1M (revenue -13.9% year-over-year).
- 2020: Revenue of $71K, expenses of $18K, and assets of $5.1M (revenue -33.8% year-over-year).
- 2019: Revenue of $108K, expenses of $13K, and assets of $5.0M (revenue -91.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $10K, and assets of $4.9M (revenue +1876.9% year-over-year).
- 2017: Revenue of $62K, expenses of $12K, and assets of $3.7M (revenue +68.3% year-over-year).
- 2016: Revenue of $37K, expenses of $33K, and assets of $3.5M (revenue -4.1% year-over-year).
- 2015: Revenue of $38K, expenses of $20K, and assets of $2.9M (revenue -45.2% year-over-year).
- 2014: Revenue of $70K, expenses of $47K, and assets of $2.9M (revenue +85.5% year-over-year).
- 2013: Revenue of $38K, expenses of $33K, and assets of $2.4M (revenue -0.3% year-over-year).
- 2012: Revenue of $38K, expenses of $36K, and assets of $2.4M (revenue +17.8% year-over-year).
- 2011: Revenue of $32K, expenses of $60K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cumberland Land Trust Inc:
Data Sources and Methodology
This transparency report for Cumberland Land Trust 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.