Cheer Inc

Analysis

Cheer Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in December 1974, 52 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 September 2023, Cheer Inc reported income of $11.3m and spending of $8.0m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.8m to $11.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2023, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheer Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Christ Centered Home Inc ($11.3m), Council Services Inc ($11.3m) and Spaulding for Children ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $263k (3.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.7m against liabilities of $2.9m, net assets of $12.7m. It reported 201 employees.