Cherishability

Analysis

Cherishability is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cherishability reported income of $499k and spending of $404k, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $233k to $499k (+114%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherishability sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Emmaus House ($499k), Homeless Warrior Charity Inc ($499k) and Edgemont Recreation Corporation ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). Other salaries and wages came to $91k. At year end it held assets of $209k against liabilities of $11k, net assets of $199k. It reported 13 employees.