Cherokee Strip Community Foundation

Analysis

Cherokee Strip Community Foundation is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Strip Community Foundation reported income of $1.2m and spending of $1.5m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $1.2m (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherokee Strip Community Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Bwi Community Development Foundation Inc ($1.2m), Spiritual Directors International ($1.2m) and Community Police Relations Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 81% of the total. Other salaries and wages came to $133k. At year end it held assets of $29.1m against liabilities of $5.6m, net assets of $23.5m. It reported 2 employees.