CHS Development Company

Analysis

CHS Development Company is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, CHS Development Company reported income of $126k and spending of $822k, spending 653% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $485k to $126k (-74%), an average of -24% a year. The sharpest change came in the year to June 2024, when income dropped by 42%. Over the whole period it spent 145% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CHS Development Company sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Richmond High School Alumni Association ($126k), Acre Agriculture Education Center ($126k) and Hope 4 All ($126k).

At year end it held assets of $371k against liabilities of $0, net assets of $371k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.