Cherished Creations Inc

Analysis

Cherished Creations Inc is a registered charity in United States, based in Berkeley HTS, NJ. It received its IRS tax-exemption ruling in February 1997, 29 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 (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, Cherished Creations Inc reported income of $244k and spending of $124k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $244k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherished Creations Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include New City Baseball Association Ltd ($244k), Samaritan House Foundation ($244k) and Mississippi Power Community Connection Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. Other salaries and wages came to $26k. At year end it held assets of $437k against liabilities of $5,386, net assets of $431k. It reported 1 employees.