Cherish the Children Foundation Inc

Analysis

Cherish the Children Foundation Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cherish the Children Foundation Inc reported income of $93k and spending of $75k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $93k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 332%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherish the Children Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Ohio Soybean Council Foundation ($93k), Pregnancy Care Center of the Northern Big Country ($93k) and Central States Fair Foundation ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 18 employees.