Cherish Center

Analysis

Cherish Center is a registered charity in United States, based in Milford, IA. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Cherish Center reported income of $586k and spending of $617k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $586k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherish Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Tolar Volunteer Fire Department ($586k), Charles H Farnsworth Housing Corporation ($586k) and Preston County Caring Council Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Other salaries and wages came to $360k. At year end it held assets of $1.3m against liabilities of $223k, net assets of $1.1m. It reported 24 employees.