Cheer Me Up Foundation Inc

Analysis

Cheer Me Up Foundation Inc is a registered charity in United States, based in Belleville, NJ. It received its IRS tax-exemption ruling in April 2004, 22 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, Cheer Me Up Foundation Inc reported income of $66k and spending of $59k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $66k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheer Me Up Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Bradley Center for Grieving Children and Families ($66k), Dsta Benevolent Fund Inc ($66k) and Enduring Freedom Ministries Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $14k, net assets of $21k.