Cherokee Childrens Home Inc

Analysis

Cherokee Childrens Home Inc is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Cherokee Childrens Home Inc reported income of $1.0m and spending of $815k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $908k to $1.0m (+11%), an average of +2.5% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee Childrens Home 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 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Higher Heights Home Care Inc ($1.0m), Good Dads Inc ($1.0m) and Streator Young Mens-Womens Christian Association ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $121k (15% of expenses). Other salaries and wages came to $417k. At year end it held assets of $3.3m against liabilities of $17k, net assets of $3.2m. It reported 24 employees.