Chill Foundation a Nonprofit Corporation

Analysis

Chill Foundation a Nonprofit Corporation is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Chill Foundation a Nonprofit Corporation reported income of $3.2m and spending of $3.0m, spending 94% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $2.2m to $3.2m (+46%), an average of +7.9% a year. The sharpest change came in the year to April 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Chill Foundation a Nonprofit Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include After-School All-Stars Ohio ($3.2m), Boy Scouts of America ($3.3m) and Streetcode Academy ($3.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $195k (6.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.9m against liabilities of $354k, net assets of $1.6m. It reported 43 employees.