Cherry Hills Palmer Scholarship Foundation Inc

Analysis

Cherry Hills Palmer Scholarship Foundation Inc is a registered charity in United States, based in Cherry HL VLG, CO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Hills Palmer Scholarship Foundation Inc reported income of $65k and spending of $341k, spending 523% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $213k to $65k (-69%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cherry Hills Palmer Scholarship Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within CO. Charities of a similar size with the same main cause include Kennewick Schools Foundation ($65k), Teacher Store ($65k) and Apollo Elementary P T a ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.