Cherry Avenue Foundation

Analysis

Cherry Avenue Foundation is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Avenue Foundation reported income of $511k and spending of $367k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $283k to $511k (+81%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cherry Avenue Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Lifetime Wells Vision ($510k), Mission of Hope Bolivia ($512k) and Sustainable Economic and Educational Development Society ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.