Cherry Hill Seminary
Cherry Hill Seminary shows consistent asset growth and no liabilities, with volunteer leadership.
EIN: 204542690 · Columbia, SC · NTEE: B50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119K |
| Total Expenses | $85K |
| Program Spending | 90% |
| Net Assets | $162K |
| Transparency Score | 92/100 |
Is Cherry Hill Seminary Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cherry Hill Seminary directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cherry Hill Seminary
Cherry Hill Seminary (EIN: 204542690) is a nonprofit organization based in Columbia, SC, classified under NTEE code B50. The organization reported total revenue of $119K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherry Hill Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cherry Hill Seminary is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $85K |
| Surplus / Deficit | +$15K |
| Total Assets | $162K |
| Net Assets | $162K |
| Operating Margin | 14.9% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2023, Cherry Hill Seminary reported a surplus of $15K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2023), Cherry Hill Seminary's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.5% | -8.4% | +10.2% |
| 2022 | +92.0% | -3.2% | +401.5% |
| 2021 | +63.2% | +71.2% | +88.3% |
| 2020 | +42.5% | +17.6% | +256.1% |
| 2019 | +22.9% | +16.5% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Hill Seminary with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Cherry Hill Seminary allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are likely serving in a volunteer capacity or are compensated through non-salary means, which is highly efficient for a small organization.
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.
Strengths
The following positive indicators were identified for Cherry Hill Seminary:
- Consistent asset growth, from $4,380 in 2019 to $162,290 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial health.
- 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Positive net income in most recent years (e.g., $100,257 revenue vs. $85,294 expenses in 2023).
- Strong transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Cherry Hill Seminary
Is Cherry Hill Seminary a legitimate charity?
Based on AI analysis of IRS 990 filings, Cherry Hill Seminary (EIN: 204542690) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Cherry Hill Seminary spend its money?
Cherry Hill Seminary directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cherry Hill Seminary tax-deductible?
Cherry Hill Seminary is registered as a tax-exempt nonprofit (EIN: 204542690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cherry Hill Seminary's spending goes to programs?
Cherry Hill Seminary directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cherry Hill Seminary compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Cherry Hill Seminary is above average for NTEE category B50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cherry Hill Seminary located?
Cherry Hill Seminary is headquartered in Columbia, South Carolina and files with the IRS under EIN 204542690. It is classified under NTEE code B50.
How many years of IRS 990 filings does Cherry Hill Seminary have?
Cherry Hill Seminary has 13 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 $119K in total revenue.
Is Cherry Hill Seminary a good charity?
Based on the available IRS 990 data, Cherry Hill Seminary appears to be a well-managed and financially healthy organization. It consistently operates with positive net income, has no reported liabilities, and shows significant asset growth. The absence of officer compensation suggests a strong commitment to directing funds towards its mission.
How has Cherry Hill Seminary's financial health changed over time?
Cherry Hill Seminary has shown significant financial improvement. Revenue has fluctuated but generally trended upwards, from $30,895 in 2015 to $100,257 in 2023. Most notably, assets have grown substantially from $4,380 in 2019 to $162,290 in 2023, indicating strong financial accumulation and stability.
What is Cherry Hill Seminary's approach to executive compensation?
Cherry Hill Seminary reports 0% officer compensation in all available filings. This suggests that its leadership is either entirely volunteer-based or compensated through non-salary methods, which is a highly efficient model for a nonprofit of its size.
Filing History
IRS 990 filing history for Cherry Hill Seminary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Cherry Hill Seminary's revenue has grown by 166.3%, moving from $38K to $100K. Total assets increased by 3165.4% over the same period, from $5K to $162K. Total functional expenses rose by 89.6%, from $45K to $85K. In its most recent filing year (2023), Cherry Hill Seminary reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $85K | $162K | $0 | — | View 990 |
| 2022 | $211K | $93K | $147K | $0 | — | — |
| 2021 | $110K | $96K | $29K | $0 | — | View 990 |
| 2020 | $67K | $56K | $16K | $0 | — | View 990 |
| 2019 | $47K | $48K | $4K | $0 | — | View 990 |
| 2018 | $38K | $41K | $5K | $0 | — | View 990 |
| 2017 | $47K | $49K | $7K | $0 | — | View 990 |
| 2016 | $32K | $41K | $10K | $0 | — | View 990 |
| 2015 | $31K | $29K | $19K | $0 | — | View 990 |
| 2014 | $41K | $32K | $17K | $0 | — | View 990 |
| 2013 | $61K | $58K | $7K | $0 | — | View 990 |
| 2011 | $38K | $31K | $12K | $0 | — | View 990 |
| 2010 | $38K | $45K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $85K, and assets of $162K (revenue -52.5% year-over-year).
- 2022: Revenue of $211K, expenses of $93K, and assets of $147K (revenue +92.0% year-over-year).
- 2021: Revenue of $110K, expenses of $96K, and assets of $29K (revenue +63.2% year-over-year).
- 2020: Revenue of $67K, expenses of $56K, and assets of $16K (revenue +42.5% year-over-year).
- 2019: Revenue of $47K, expenses of $48K, and assets of $4K (revenue +22.9% year-over-year).
- 2018: Revenue of $38K, expenses of $41K, and assets of $5K (revenue -17.9% year-over-year).
- 2017: Revenue of $47K, expenses of $49K, and assets of $7K (revenue +48.4% year-over-year).
- 2016: Revenue of $32K, expenses of $41K, and assets of $10K (revenue +2.2% year-over-year).
- 2015: Revenue of $31K, expenses of $29K, and assets of $19K (revenue -24.9% year-over-year).
- 2014: Revenue of $41K, expenses of $32K, and assets of $17K (revenue -33.1% year-over-year).
- 2013: Revenue of $61K, expenses of $58K, and assets of $7K (revenue +60.4% year-over-year).
- 2011: Revenue of $38K, expenses of $31K, and assets of $12K (revenue +1.8% year-over-year).
- 2010: Revenue of $38K, expenses of $45K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cherry Hill Seminary:
Data Sources and Methodology
This transparency report for Cherry Hill Seminary 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.