Cherokee Day Care Inc

Analysis

Cherokee Day Care Inc is a registered charity in United States, based in Cherokee, IA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cherokee Day Care Inc reported income of $492k and spending of $589k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $492k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee Day Care Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Broome County Urban League Inc ($492k), Go4thegoal Foundation ($492k) and Dream Lighter Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $367k. At year end it held assets of $593k against liabilities of $127k, net assets of $466k. It reported 56 employees.