Cherokee Historical Association Inc

Analysis

Cherokee Historical Association Inc is a registered charity in United States, based in Cherokee, NC. It received its IRS tax-exemption ruling in January 1951, 75 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, Cherokee Historical Association Inc reported income of $471k and spending of $2.6m, spending 552% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.2m to $471k (-79%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cherokee Historical Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Gainesville Chamber Orchestra Inc ($471k), Palo Alto Chamber Orchestra ($471k) and Nitartha International ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (4.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $890k against liabilities of $740k, net assets of $150k. It reported 177 employees.