Cherry River Foundation Inc

Analysis

Cherry River Foundation Inc is a registered charity in United States, based in Richwood, WV. It received its IRS tax-exemption ruling in July 2021, 5 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, Cherry River Foundation Inc reported income of $161k and spending of $39k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $161k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherry River Foundation 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 49th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include Everest Association for Family Enrichment Inc ($161k), Mad Anthony Childrens Foundation Inc ($161k) and Ettie Lee Foundation Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 9.3% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.