Cheer for Life Foundation Inc

Analysis

Cheer for Life Foundation Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2005, 21 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 June 2023, Cheer for Life Foundation Inc reported income of $108k and spending of $61k, leaving 43% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $76k to $108k (+42%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cheer for Life Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include The Pink Pewter Foundation Inc ($108k), Harney County Library Foundation ($108k) and Mulligans Fore Kids Inc ($108k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $192k against liabilities of $25k, net assets of $166k.