Cherokee Crossroads Foundation Inc

Analysis

Cherokee Crossroads Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cherokee Crossroads Foundation Inc reported income of $1.4m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherokee Crossroads Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Martin W Richard Charitable ($1.4m), Nova Labs Inc ($1.4m) and Center for Nonprofit Excellence ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $913k against liabilities of $71k, net assets of $842k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.