Cherokee Community Foundation

Analysis

Cherokee Community Foundation is a registered charity in United States, based in Cherokee, IA. It received its IRS tax-exemption ruling in March 2002, 24 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 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, Cherokee Community Foundation reported income of $139k and spending of $97k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $155k to $139k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherokee Community Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include Medici Foundation ($139k), Vegas Golden Knights Alumni Association Inc ($139k) and Support the Troops Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $306k against liabilities of $0, net assets of $306k.