Cherokee County United Fund Inc

Analysis

Cherokee County United Fund Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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 September 2023, Cherokee County United Fund Inc reported income of $55k and spending of $56k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46k to $55k (+18%), an average of +4.3% a year. The sharpest change came in the year to September 2020, when income rose by 85%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cherokee County United Fund Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Westlake Schools Music Boosters ($55k), Powhatan Elementary School PTA ($55k) and Helping Our Brothers & Sisters Inc ($55k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $19k (35% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 1 employees.