Cherry Community Organization Inc

Analysis

Cherry Community Organization Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cherry Community Organization Inc reported income of $185k and spending of $227k, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $36k to $185k (+417%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 863%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cherry Community Organization Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include New Demensions Corporation ($185k), All Borough Solutions Inc ($185k) and Old Colony Revitalization Corporation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $6.7m against liabilities of $0, net assets of $6.7m.