Cherished Impressions Child Placing Agency

Analysis

Cherished Impressions Child Placing Agency is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. 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, Cherished Impressions Child Placing Agency reported income of $859k and spending of $802k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $859k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cherished Impressions Child Placing Agency sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Middlesex County Foundation Inc ($859k), Western Allegheny Community Library ($859k) and Guardian & Protective Services Inc ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $70k (8.8% of expenses). Other salaries and wages came to $162k. At year end it held assets of $136k against liabilities of $138k, net assets of -$1,370. It reported 5 employees.