Cheers to Charity

Analysis

Cheers to Charity is a registered charity in United States, based in Tehachapi, CA. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2024, Cheers to Charity reported income of $106k and spending of $112k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $100k to $106k (+5.7%), an average of +5.7% a year. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cheers to Charity sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Giving on Purpose ($106k), Feed My Lambs Ministry Foundation Inc ($106k) and Shaarei Noam Inc ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.