Cherish Life Inc

Analysis

Cherish Life Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2020, 6 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, Cherish Life Inc reported income of $140k and spending of $141k, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $104k to $140k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherish Life Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Ec Gridiron Club Inc ($140k), Oregon Truffle Festival ($140k) and Meals on Wheels of Thomasville Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.