Cherokee Art Endowment Corporation

Analysis

Cherokee Art Endowment Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 February 2023, Cherokee Art Endowment Corporation reported income of $121k and spending of $31k, leaving 74% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $57k to $121k (+112%), an average of +21% a year. The sharpest change came in the year to February 2023, when income rose by 276%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cherokee Art Endowment Corporation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Athentikos ($121k), Sweet Adelines International ($121k) and Li Huasheng Art Foundation ($121k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $10k, net assets of $1.5m.