Cherokee by Choice Inc

Analysis

Cherokee by Choice Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Cherokee by Choice Inc reported income of $1.1m and spending of $901k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $444k to $1.1m (+157%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 75%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cherokee by Choice Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Metrolab Network Inc ($1.1m), White Plains Downtown District Management Association Inc ($1.1m) and Careers in Construction Colorado ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.7m against liabilities of $444k, net assets of $1.3m.