Cherry Street Services Foundation

Analysis

Cherry Street Services Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Cherry Street Services Foundation reported income of $804k and spending of $620k, leaving 23% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $383k to $804k (+110%), an average of +28% a year. The sharpest change came in the year to March 2021, when income rose by 279%. Over the whole period it spent 78% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Cherry Street Services Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Critical Reach ($804k), Alice Paul Institute Inc ($804k) and Court Appointed Special Advocate of Humboldt ($803k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $1.8m against liabilities of $249k, net assets of $1.5m.