Cherry Orchard Festival Foundation Corp

Analysis

Cherry Orchard Festival Foundation Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cherry Orchard Festival Foundation Corp reported income of $419k and spending of $748k, spending 178% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $734k to $419k (-43%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cherry Orchard Festival Foundation Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Eastern Sociological Society Inc Dept of Sociology Park 420 ($419k), Dare County Arts Council Inc ($419k) and Gevorkian Academy ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $219k (29% of expenses). At year end it held assets of $340k against liabilities of $5,040, net assets of $335k. It reported 2 employees.