Cherry Grove Community Association Inc

Analysis

Cherry Grove Community Association Inc is a registered charity in United States, based in Tuckahoe, NY. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cherry Grove Community Association Inc reported income of $177k and spending of $197k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $177k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherry Grove Community Association Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Doz Charitable Foundation Inc ($177k), Klein Band Association ($177k) and Delphi Human Services Facility ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.