We Are Cherished Inc

Analysis

We Are Cherished Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, We Are Cherished Inc reported income of $246k and spending of $206k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $368k to $246k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, We Are Cherished Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include The Porch Ministries Inc ($246k), Friends of or Chaya Inc ($246k) and Together Ministry Center ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $206k against liabilities of $6,109, net assets of $200k. It reported 2 employees.