Black Cherry Inc

Analysis

Black Cherry Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Cherry Inc reported income of $85k and spending of $94k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $85k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Cherry Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Zimfest Association ($85k), Voorhees Theater Company a Non Profit Corporation ($85k) and Marching Against the Darkness Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $176k against liabilities of $8,777, net assets of $167k.