Association for Retarded Citizens Cherokee-Clay Inc

Analysis

Association for Retarded Citizens Cherokee-Clay Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in August 1987, 39 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 June 2024, Association for Retarded Citizens Cherokee-Clay Inc reported income of $803k and spending of $877k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $641k to $803k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for Retarded Citizens Cherokee-Clay Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Parkside Community Preschool ($803k), Metropolitan Housing Development Corporation ($803k) and Oregon Daycare Inc ($803k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $444k. At year end it held assets of $107k against liabilities of $6,424, net assets of $101k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.