Cherokee Preservation Foundation Inc

Analysis

Cherokee Preservation Foundation Inc is a registered charity in United States, based in Cherokee, NC. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Preservation Foundation Inc reported income of $8.6m and spending of $6.4m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.5m to $8.6m (+15%), an average of +3.5% a year. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherokee Preservation Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Barberton Community Foundation ($8.6m), Steve Stricker American Family Insurance Foundation Inc ($8.6m) and American Friends of the Royal Foundation of the Duke and Duchess ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $175k (2.7% of expenses). Other salaries and wages came to $699k. At year end it held assets of $54.3m against liabilities of $275k, net assets of $54.0m. It reported 8 employees.