Spread the Cheer USA

Analysis

Spread the Cheer USA is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Spread the Cheer USA reported income of $245k and spending of $161k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $241k to $245k (+1.5%), an average of +1.5% a year. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spread the Cheer USA sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Eileen Youtie Foundation Inc ($245k), Love Our Veterans ($245k) and Gateway to the Future Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.