Cherry Creek Schools Foundation

Analysis

Cherry Creek Schools Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cherry Creek Schools Foundation reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $634k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cherry Creek Schools Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include East Texas Veterans Community Council ($1.1m), Indigenous Creatives Collective ($1.1m) and National Alliance on Mental Illness-Colorado Springs ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $122k (12% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.1m against liabilities of $3,114, net assets of $1.1m. It reported 4 employees.