Historic Cherry Hill

Analysis

Historic Cherry Hill is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historic Cherry Hill reported income of $288k and spending of $321k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $288k (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 286%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Cherry Hill sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Ballet Repertory Theatre of New Mexico ($288k), Improv Utopia ($288k) and Cato Neonatal Innovations Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $49k (15% of expenses). Other salaries and wages came to $92k. At year end it held assets of $317k against liabilities of $103k, net assets of $215k. It reported 6 employees.