Cherokee County Sharing Center Inc

Analysis

Cherokee County Sharing Center Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Cherokee County Sharing Center Inc reported income of $76k and spending of $90k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $76k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee County Sharing Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include McDuffie County Partners for Success Inc ($76k), Stateline Works of Mercy Inc ($76k) and H O P E Mudd Housing Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.