Cherry Point Reach Out

Analysis

Cherry Point Reach Out is a registered charity in United States, based in Blaine, WA. It received its IRS tax-exemption ruling in January 2001, 25 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 (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 Point Reach Out reported income of $341k and spending of $196k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $341k (+164%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cherry Point Reach Out sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Serving Ireland Foundation ($341k), United Way Manitowoc County Inc ($342k) and Explore Ministries Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.