Reach of Cherokee County Inc

Analysis

Reach of Cherokee County Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2024, Reach of Cherokee County Inc reported income of $781k and spending of $732k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $566k to $781k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach of Cherokee County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Kidspire ($781k), Nebraska Crop Improvement Association ($781k) and Scioto Christian Ministry Inc ($781k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $441k. At year end it held assets of $241k against liabilities of $62k, net assets of $179k. It reported 12 employees.