Chesco Inc

Analysis

Chesco Inc is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Chesco Inc reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.3m to $6.4m (+21%), an average of +4.8% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chesco Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NH. Charities of a similar size with the same main cause include NHS Neighborhood Lending Services ($6.4m), Pearl Transit ($6.4m) and Santa Cruz County Veterans Memorial Building Board of Trustee ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $165k (2.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 138 employees.