Cherokee Historical and Preservation Society Inc

Analysis

Cherokee Historical and Preservation Society Inc is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2024, Cherokee Historical and Preservation Society Inc reported income of $387k and spending of $284k, leaving 27% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income fell from $958k to $387k (-60%), an average of -20% a year. The sharpest change came in the year to February 2021, when income dropped by 64%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cherokee Historical and Preservation Society Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Benedicite Education Inc ($387k), Foundation for Religious Literacy ($387k) and Berkeley Institute ($387k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 88% and program service revenue 1.5% of the total. Other salaries and wages came to $96k. At year end it held assets of $2.6m against liabilities of $5,838, net assets of $2.6m. It reported 7 employees.