Cherith Ministries Inc

Analysis

Cherith Ministries Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2013, 13 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, Cherith Ministries Inc reported income of $57k and spending of $102k, spending 179% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $57k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 160% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherith Ministries Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Friends of the Homeless Inc ($57k), New Beginnings Mercy House ($57k) and Kids in Motion Therapy Clinic ($57k).

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 $60k against liabilities of $0, net assets of $60k.