Carl Cherry Foundation

Analysis

Carl Cherry Foundation is a registered charity in United States, based in Carmel by the, CA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Carl Cherry Foundation reported income of $194k and spending of $201k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $194k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carl Cherry Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Civic Center Performing Arts Foundation Inc ($194k), Bricolage ($194k) and Centre for Faith Art & Justice ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $44k (22% of expenses). Other salaries and wages came to $34k. At year end it held assets of $445k against liabilities of $77k, net assets of $368k. It reported 2 employees.