House of Cherith Inc

Analysis

House of Cherith Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2018, 8 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, House of Cherith Inc reported income of $3.1m and spending of $3.8m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.1m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Cherith Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Ability Foundation ($3.1m), Cozy Island Childcare Inc ($3.1m) and Metropolitan Ministries Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $104k (2.7% of expenses). Other salaries and wages came to $2.1m. It paid $128k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $139k, net assets of $3.4m. It reported 107 employees.