Cheria Foundation Inc

Analysis

Cheria Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2005, 21 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cheria Foundation Inc reported income of $224k and spending of $975k, spending 435% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $974k to $224k (-77%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 71%. Over the whole period it spent 218% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cheria Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Pampa United Way Inc ($224k), Logix Community Stars Foundation ($224k) and Olivia Hospital & Clinic Foundation ($224k).

At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.

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.