Daily News Cheer Fund Inc

Analysis

Daily News Cheer Fund Inc is a registered charity in United States, based in Greensburg, IN. It received its IRS tax-exemption ruling in March 2023, 3 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 February 2024, Daily News Cheer Fund Inc reported income of $61k and spending of $47k, leaving 23% of income unspent that year. Across the 4 years on record, from February 2020 to February 2024, income grew from $54k to $61k (+11%), an average of +3.6% a year. The sharpest change came in the year to February 2021, when income rose by 55%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daily News Cheer Fund Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Christmas Wish Project of Tarrant County ($61k), Foundation of Hope Ministries Inc ($61k) and Westerville Caring and Sharing ($61k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.