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Cherry Street Services

Grand Rapids, MI · EIN 38-2853534 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending March 31, 2025 (tax year 2024) · View the filing · Correct or respond

Cherry Street Services reported $91.0 million in revenue and $89.5 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $88.80 went to program services, $10.52 to management and general costs and $0.68 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.7% of the total. Government grants made up 15.4%. The highest compensation it reported for one person was $504,531 (CEO). 77 people received more than $100,000 in reportable compensation. Revenue rose 17% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $89M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $91M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
88.8%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
10.5%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.7%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.04$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
16.8%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
15.4%0.1%
Program service revenue share
Part VIII 2g ÷ 12
81.7%93.7%
Highest reported compensation
Part VII-A, columns D–F
$504,531$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.56%1.34%
People paid over $100,000
Part VII, line 2
7727
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
9.86.6
Independent voting board members
Part VI 1a–1b
14 of 1488.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$23M expenses · 28.6% of program spending · revenue $20M

Medical services - to provide the highest quality and most effective primary health care services to people of all economic levels, with a special sensitivity to the needs of economically disadvantaged people of diverse cultural backgrounds, removing barriers to healthcare and promoting prevention, personal responsibility, interdisciplinary treatment, health education and collaboration with other community partners and integrated with other components of a patient's overall health

$20M expenses · 25.2% of program spending · revenue $16M

Behavioral services - to provide the highest quality and most effective behavioral health care services (integrated with physical health care) to people of all economic levels, with a special sensitivity to the needs of economically disadvantaged people of diverse cultural backgrounds, removing barriers to behavioral healthcare and promoting prevention, personal responsibility, interdisciplinary treatment, health education and collaboration with other community partners and integrated with other components of a patient's overall health

$14M expenses · 18.0% of program spending · revenue $9.6M

Dental services - to provide the highest quality and most effective behavioral health care services to people of all economic levels, with a special sensitivity to the needs of economically disadvantaged people of diverse cultural backgrounds, removing barriers to dental care and promoting prevention, personal responsibility, and dental health education

$22M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$485,000$0$19,531$504,531
OBGYN
Highest compensated employee, 40.00 hrs/week
$290,428$0$36,772$327,200
CMO
Highest compensated employee, 40.00 hrs/week
$294,037$0$31,765$325,802
Physician
Highest compensated employee, 40.00 hrs/week
$293,500$0$13,497$306,997
CFO
Officer, 40.00 hrs/week
$257,225$0$30,735$287,960
Physician
Highest compensated employee, 40.00 hrs/week
$227,747$0$34,988$262,735
CDO
Highest compensated employee, 40.00 hrs/week
$232,395$0$20,598$252,993

77 people received more than $100,000 in reportable compensation from Cherry Street Services (Part VII, line 2). Compensation of current officers, directors and key employees totaled $772K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$91M$89M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$91M$89M88.8%$73M$504,531
FY2024 ⓘ$85M$89M89.3%$72M$522,627
FY2023 ⓘ$92M$84M91.7%$76M$459,410
FY2022 (amended) ⓘ$85M$81M92.1%$62M$415,957
FY2021 ⓘ$78M$69M93.3%$58M$323,577
FY2020 ⓘ$78M$78M93.1%$49M$289,164

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,005
  • Volunteers Part I, line 619

Private foundation grants it received

1 private foundation reported grants to Cherry Street Services totaling $1,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Cherry Street Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cherry Street Services, you can publish a response that is linked from this page.

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Questions people ask

How much of Cherry Street Services's spending goes to programs?

In the fiscal year ending March 31, 2025, Cherry Street Services reported that 88.8% of its $89.5 million in expenses went to program services, 10.5% to management and general and 0.7% to fundraising (Form 990, Part IX).

How much does Cherry Street Services pay its top executive?

The largest total compensation Cherry Street Services reported for one person in the fiscal year ending March 31, 2025 was $504,531, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Cherry Street Services get its money?

Of $91.0 million in revenue in the fiscal year ending March 31, 2025, 16.8% came from contributions and grants (including 15.4% from government grants) and 81.7% from program service revenue (Form 990, Part VIII).

Is Cherry Street Services a registered charity?

The IRS lists EIN 38-2853534 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202620409349301827 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202500449349302100 · read the filing
  • FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202430459349302128 · read the filing
  • FY2022: Form 990 for the fiscal year ending March 31, 2022 (amended), object 202300459349301030 · read the filing
  • FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202133379349300813 · read the filing
  • FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202013249349300111 · read the filing

All filings for EIN 38-2853534: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.