Cherokee Home for Children

Analysis

Cherokee Home for Children is a registered charity in United States, based in Cherokee, TX. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, 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 Home for Children reported income of $4.1m and spending of $2.6m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.1m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee Home for Children sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Danish Old Peoples Home Society ($4.1m), Kanawha Valley Senior Services Inc ($4.1m) and Voices for Georgias Children Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $22.0m against liabilities of $71k, net assets of $22.0m. It reported 37 employees.