Cherry Park

Analysis

Cherry Park is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Cherry Park reported income of $110k and spending of $201k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $110k (-0.8%), an average of -0.2% a year. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cherry Park sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Twin Cities Rescue Mission Inc ($110k), Upc Westside CDC ($110k) and Douglas Housing Alternatives Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.3m against liabilities of $61k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.