Allies for Cherry Points Tomorrow

Analysis

Allies for Cherry Points Tomorrow is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in February 2023, 3 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Allies for Cherry Points Tomorrow reported income of $113k and spending of $134k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $211k to $113k (-46%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allies for Cherry Points Tomorrow sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Ka Leo O Laka I Ka Hikina O Ka LA ($113k), Middle Tennessee Highland Games ($113k) and Tanner Gift of Music Trust ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.

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.