Cherryville High School Education Foundation

Analysis

Cherryville High School Education Foundation is a registered charity in United States, based in Cherryville, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Cherryville High School Education Foundation reported income of $123k and spending of $17k, leaving 86% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $93k to $123k (+32%), an average of +32% a year. The sharpest change came in the year to May 2023, when income rose by 32%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cherryville High School Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Great Lakes Waldorf Institute Inc ($123k), Delta Foundation Inc ($123k) and Berkshires Tomorrow Inc ($123k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 110% of the total. Other salaries and wages came to $4,000. At year end it held assets of $582k against liabilities of $0, net assets of $582k.