Cherry Blossom Inc

Analysis

Cherry Blossom Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Cherry Blossom Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.9m to $2.5m (+31%), an average of +7.1% a year. The sharpest change came in the year to October 2022, when income rose by 61%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cherry Blossom Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Minot Hockey Boosters Inc ($2.5m), Tap Cancer Out Inc ($2.5m) and Omaha Football Club ($2.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $9,000 (0.4% of expenses). Other salaries and wages came to $303k. At year end it held assets of $674k against liabilities of $0, net assets of $674k. It reported 3 employees.