Cherry Family Foundation
Cherry Family Foundation consistently spends more than it earns, relying on substantial asset base.
EIN: 161675283 · Naples, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $307K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Cherry Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cherry Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cherry Family Foundation
Cherry Family Foundation (EIN: 161675283) is a nonprofit organization based in Naples, FL, classified under NTEE code T22. The organization reported total revenue of $2.0M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherry Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cherry Family Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $204K |
| Total Expenses | $307K |
| Surplus / Deficit | $-103,251 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -50.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.1 months |
Financial Health Grade: B
In 2023, Cherry Family Foundation reported a deficit of $103K with expenses exceeding revenue, holds 66.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cherry Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | -6.5% | -5.9% |
| 2022 | -59.5% | +27.9% | -6.8% |
| 2021 | +95.4% | -8.9% | +14.8% |
| 2020 | +5.1% | -2.3% | -1.5% |
| 2019 | +148.1% | -7.7% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cherry Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cherry Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no compensation from the foundation, which is highly favorable for an organization of its size with assets over $1.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cherry Family Foundation's IRS 990 filings:
- Consistent operational deficits (expenses frequently exceed revenue, e.g., $307,268 expenses vs. $204,017 revenue in 2023).
- Reliance on asset drawdowns to cover annual expenses, which could impact long-term sustainability if not managed carefully.
Strengths
The following positive indicators were identified for Cherry Family Foundation:
- Strong asset base, consistently over $1.6 million, providing financial stability.
- 0% officer compensation reported across all filings, indicating very low executive overhead.
- Minimal liabilities ($0 or $1 reported), reflecting a healthy balance sheet.
- Consistent filing history (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Cherry Family Foundation
Is Cherry Family Foundation a legitimate charity?
Cherry Family Foundation (EIN: 161675283) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Cherry Family Foundation spend its money?
Cherry Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cherry Family Foundation tax-deductible?
Cherry Family Foundation is registered as a tax-exempt nonprofit (EIN: 161675283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cherry Family Foundation CEO make?
Cherry Family Foundation's highest-compensated officer earns $1.6 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cherry Family Foundation's spending goes to programs?
Cherry Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cherry Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cherry Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cherry Family Foundation located?
Cherry Family Foundation is headquartered in Naples, Florida and files with the IRS under EIN 161675283. It is classified under NTEE code T22.
How many years of IRS 990 filings does Cherry Family Foundation have?
Cherry Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Is Cherry Family Foundation a good charity?
The Cherry Family Foundation exhibits strengths in asset management and very low overhead (0% officer compensation). However, its consistent operational deficits (e.g., $307,268 expenses vs. $204,017 revenue in 2023) suggest it relies on its endowment rather than current revenue for operations. A 'good' charity depends on donor priorities; those valuing low executive pay and a strong asset base may find it favorable, but those prioritizing organizations that are self-sustaining through annual revenue might have concerns.
How does the foundation cover its expenses when revenue is lower?
The foundation covers its expenses by drawing from its substantial asset base. For example, in 2023, with $204,017 in revenue and $307,268 in expenses, the $103,251 deficit was likely covered by its assets, which stood at $1,692,489 at the end of that period.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated but remained robust, generally above $1.6 million. They peaked at $2,121,290 in 2013 and were $1,692,489 in 2023, showing a slight decline from earlier peaks but still representing a significant endowment.
Filing History
IRS 990 filing history for Cherry Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cherry Family Foundation's revenue has grown by 172.3%, moving from $75K to $204K. Total assets decreased by 2.4% over the same period, from $1.7M to $1.7M. Total functional expenses rose by 82.2%, from $169K to $307K. In its most recent filing year (2023), Cherry Family Foundation reported a deficit of $103K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $204K | $307K | $1.7M | $1 | — | — |
| 2022 | $203K | $329K | $1.8M | $1 | — | View 990 |
| 2021 | $501K | $257K | $1.9M | $1 | — | View 990 |
| 2020 | $257K | $282K | $1.7M | $1 | — | — |
| 2019 | $244K | $289K | $1.7M | $1 | — | View 990 |
| 2015 | $98K | $313K | $1.8M | $0 | — | View 990 |
| 2014 | $440K | $525K | $2.0M | $0 | — | View 990 |
| 2013 | $910K | $254K | $2.1M | $0 | — | View 990 |
| 2012 | $128K | $164K | $1.7M | $0 | — | View 990 |
| 2011 | $75K | $169K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $204K, expenses of $307K, and assets of $1.7M (revenue +0.4% year-over-year).
- 2022: Revenue of $203K, expenses of $329K, and assets of $1.8M (revenue -59.5% year-over-year).
- 2021: Revenue of $501K, expenses of $257K, and assets of $1.9M (revenue +95.4% year-over-year).
- 2020: Revenue of $257K, expenses of $282K, and assets of $1.7M (revenue +5.1% year-over-year).
- 2019: Revenue of $244K, expenses of $289K, and assets of $1.7M (revenue +148.1% year-over-year).
- 2015: Revenue of $98K, expenses of $313K, and assets of $1.8M (revenue -77.7% year-over-year).
- 2014: Revenue of $440K, expenses of $525K, and assets of $2.0M (revenue -51.6% year-over-year).
- 2013: Revenue of $910K, expenses of $254K, and assets of $2.1M (revenue +609.2% year-over-year).
- 2012: Revenue of $128K, expenses of $164K, and assets of $1.7M (revenue +71.2% year-over-year).
- 2011: Revenue of $75K, expenses of $169K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cherry Family Foundation:
Data Sources and Methodology
This transparency report for Cherry Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.