Cherry Street Foundation

Analysis

Cherry Street Foundation is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in September 2008, 18 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 June 2024, Cherry Street Foundation reported income of $524k and spending of $146k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $87k to $524k (+500%), an average of +56% a year. The sharpest change came in the year to June 2021, when income rose by 775%. Over the whole period it spent 10% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherry Street Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include Fort Smith Public Schools Foundation Inc ($524k), Indias Hope ($524k) and Seminole Trail Volunteer Fire Department Incorporated ($524k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.0% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.