Cheers School Family Inc

Analysis

Cheers School Family Inc is a registered charity in United States, based in Berryville, VA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cheers School Family Inc reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheers School Family Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Good Shepherd Homecare & Hospice Inc ($2.0m), LA Colmena NYC Inc ($2.0m) and Giraffe Laugh Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $38k (2.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $486k, net assets of $1.2m. It reported 55 employees.