Cherryville High School Education Foundation
EIN: 274027430 · Cherryville, NC · NTEE: B90
Is Cherryville High School Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cherryville High School Education Foundation
Cherryville High School Education Foundation (EIN: 274027430) is a nonprofit organization based in Cherryville, NC, classified under NTEE code B90. The organization reported total revenue of $408K and total assets of $772K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherryville High School Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cherryville High School Education Foundation is a small nonprofit that has been operating for 15 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $17K |
| Surplus / Deficit | +$105K |
| Total Assets | $582K |
| Net Assets | $582K |
| Operating Margin | 85.8% |
| Months of Reserves | 399.9 months |
Financial Health Grade: A
In 2023, Cherryville High School Education Foundation reported a surplus of $105K with revenue exceeding expenses, holds 399.9 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Cherryville High School Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.1% | -54.2% | +22.1% |
| 2022 | -49.1% | +23.3% | +13.0% |
| 2021 | +403.4% | +109.8% | +56.0% |
| 2020 | -63.3% | -79.2% | +8.6% |
| 2019 | +5.2% | +41.0% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cherryville High School Education Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cherryville High School Education Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $105K, with revenue exceeding expenses.
Frequently Asked Questions about Cherryville High School Education Foundation
Is Cherryville High School Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cherryville High School Education Foundation (EIN: 274027430) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cherryville High School Education Foundation spend its money?
Detailed spending breakdown data is not yet available for Cherryville High School Education Foundation. Check back for updated IRS 990 analysis.
Are donations to Cherryville High School Education Foundation tax-deductible?
Cherryville High School Education Foundation is registered as a tax-exempt nonprofit (EIN: 274027430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Cherryville High School Education Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Cherryville High School Education Foundation's revenue has grown by 129.9%, moving from $53K to $123K. Total assets increased by 501.3% over the same period, from $97K to $582K. Total functional expenses rose by 6%, from $16K to $17K. In its most recent filing year (2023), Cherryville High School Education Foundation reported a surplus of $105K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $17K | $582K | $0 | — | View 990 |
| 2022 | $93K | $38K | $476K | $0 | — | View 990 |
| 2021 | $182K | $31K | $422K | $0 | — | View 990 |
| 2020 | $36K | $15K | $270K | $0 | — | View 990 |
| 2019 | $99K | $71K | $249K | $0 | — | View 990 |
| 2018 | $94K | $50K | $221K | $0 | — | — |
| 2017 | $89K | $9K | $177K | $0 | — | View 990 |
| 2016 | $53K | $16K | $97K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $17K, and assets of $582K (revenue +32.1% year-over-year).
- 2022: Revenue of $93K, expenses of $38K, and assets of $476K (revenue -49.1% year-over-year).
- 2021: Revenue of $182K, expenses of $31K, and assets of $422K (revenue +403.4% year-over-year).
- 2020: Revenue of $36K, expenses of $15K, and assets of $270K (revenue -63.3% year-over-year).
- 2019: Revenue of $99K, expenses of $71K, and assets of $249K (revenue +5.2% year-over-year).
- 2018: Revenue of $94K, expenses of $50K, and assets of $221K (revenue +5.2% year-over-year).
- 2017: Revenue of $89K, expenses of $9K, and assets of $177K (revenue +66.9% year-over-year).
- 2016: Revenue of $53K, expenses of $16K, and assets of $97K.
Data Sources and Methodology
This transparency report for Cherryville High School Education 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.