Cherry Gardens Inc

Analysis

Cherry Gardens Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in May 1995, 31 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 June 2024, Cherry Gardens Inc reported income of $55k and spending of $52k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $47k to $55k (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherry Gardens Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Reidsville Outreach Center ($55k), Solanco Meals on Wheels ($55k) and Cottonwood Cattle Producers Inc ($55k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $3,969. At year end it held assets of $71k against liabilities of $461k, net assets of -$390k.