Cumberland Residential And Employment Services & Training Inc
EIN: 561258754 · Fayetteville, NC · NTEE: F33Z
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Net Assets | $107K |
Is Cumberland Residential And Employment Services & Training Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cumberland Residential And Employment Services & Training Inc
Cumberland Residential And Employment Services & Training Inc (EIN: 561258754) is a nonprofit organization based in Fayetteville, NC, classified under NTEE code F33Z. The organization reported total revenue of $1.4M and total assets of $841K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cumberland Residential And Employment Services & Training Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cumberland Residential And Employment Services & Training Inc is a mid-size nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$98K |
| Total Assets | $909K |
| Total Liabilities | $802K |
| Net Assets | $107K |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 88.2% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2022, Cumberland Residential And Employment Services & Training Inc reported a surplus of $98K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 88.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Cumberland Residential And Employment Services & Training Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +24.1% | +5.8% | -2.4% |
| 2021 | -8.0% | -14.3% | -8.5% |
| 2020 | -18.3% | -5.8% | -0.6% |
| 2019 | -7.8% | +0.4% | -6.4% |
| 2018 | +1.0% | -8.0% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cumberland Residential And Employment Services & Training Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cumberland Residential And Employment Services & Training Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.2%.
Frequently Asked Questions about Cumberland Residential And Employment Services & Training Inc
Is Cumberland Residential And Employment Services & Training Inc a legitimate charity?
Cumberland Residential And Employment Services & Training Inc (EIN: 561258754) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Cumberland Residential And Employment Services & Training Inc spend its money?
Cumberland Residential And Employment Services & Training Inc reported $1.4M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cumberland Residential And Employment Services & Training Inc tax-deductible?
Cumberland Residential And Employment Services & Training Inc is registered as a tax-exempt nonprofit (EIN: 561258754). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cumberland Residential And Employment Services & Training Inc located?
Cumberland Residential And Employment Services & Training Inc is headquartered in Fayetteville, North Carolina and files with the IRS under EIN 561258754. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does Cumberland Residential And Employment Services & Training Inc have?
Cumberland Residential And Employment Services & Training Inc has 12 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Cumberland Residential And Employment Services & Training Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Cumberland Residential And Employment Services & Training Inc's revenue has declined by 7.5%, moving from $1.4M to $1.3M. Total assets increased by 22.4% over the same period, from $743K to $909K. Total functional expenses fell by 8.1%, from $1.3M to $1.2M. In its most recent filing year (2022), Cumberland Residential And Employment Services & Training Inc reported a surplus of $98K, with revenue exceeding expenses. The organization holds $802K in liabilities against $909K in assets (debt-to-asset ratio: 88.2%), resulting in net assets of $107K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.3M | $1.2M | $909K | $802K | — | View 990 |
| 2021 | $1.0M | $1.1M | $932K | $923K | — | — |
| 2020 | $1.1M | $1.3M | $1.0M | $928K | — | — |
| 2019 | $1.3M | $1.3M | $1.0M | $760K | — | View 990 |
| 2018 | $1.5M | $1.3M | $1.1M | $822K | — | View 990 |
| 2017 | $1.4M | $1.5M | $1.0M | $770K | — | View 990 |
| 2016 | $1.2M | $1.3M | $1.0M | $795K | — | View 990 |
| 2015 | $1.2M | $1.2M | $1.2M | $825K | — | View 990 |
| 2014 | $1.2M | $1.3M | $1.2M | $888K | — | View 990 |
| 2013 | $1.2M | $1.3M | $1.3M | $903K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.4M | $891K | — | View 990 |
| 2011 | $1.4M | $1.3M | $743K | $345K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $909K (revenue +24.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.1M, and assets of $932K (revenue -8.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $1.0M (revenue -18.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $1.0M (revenue -7.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $1.1M (revenue +1.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $1.0M (revenue +15.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $1.0M (revenue +1.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $1.2M (revenue +1.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $1.2M (revenue -2.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $1.3M (revenue -17.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.4M (revenue +10.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $743K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cumberland Residential And Employment Services & Training Inc:
Data Sources and Methodology
This transparency report for Cumberland Residential And Employment Services & Training 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.