Fort Cherry Education Foundation

Analysis

Fort Cherry Education Foundation is a registered charity in United States, based in MC Donald, PA. It received its IRS tax-exemption ruling in June 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fort Cherry Education Foundation reported income of $53k and spending of $17k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,257 to $53k (+1531%), an average of +1531% a year. The sharpest change came in the year to December 2023, when income rose by 1531%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fort Cherry Education Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Press Democrat Community Fund ($53k), Donna M Crandall Foundation Inc ($53k) and Yeshiva Beit Rafael ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.