Warren Cherry Scholarship Fund

Analysis

Warren Cherry Scholarship Fund is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Warren Cherry Scholarship Fund reported income of $498k and spending of $203k, leaving 59% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $357k to $498k (+39%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warren Cherry Scholarship Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include The Faith and Law Project ($498k), St Josephs Helpers of Pulaski County ($498k) and Charles Crest II Corporation ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2.6m against liabilities of $42k, net assets of $2.5m.