Cherokee Rodeo Inc

Analysis

Cherokee Rodeo Inc is a registered charity in United States, based in Holstein, IA. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Cherokee Rodeo Inc reported income of $201k and spending of $162k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $201k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee Rodeo Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Lee County 4th District Community Development Group ($201k), Life Outreach Center Incorporated ($201k) and Mission Possible-Dominican Republic Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. It paid $880 in professional fundraising fees. At year end it held assets of $118k against liabilities of $136, net assets of $118k.