Cheers Inc

Analysis

Cheers Inc is a registered charity in United States, based in Loganville, GA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Cheers Inc reported income of $122k and spending of $127k, spending 105% of its income. Across the 2 years on record, from March 2023 to March 2024, income fell from $133k to $122k (-8.2%), an average of -8.2% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cheers Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include River Sirens Inc ($122k), Pysc Inc ($122k) and Lac St Clair Baseball and Softball Association ($122k).

At year end it held assets of $15k against liabilities of $0, net assets of $15k.