Essex Chips Inc

Analysis

Essex Chips Inc is a registered charity in United States, based in Essex JCT, VT. It received its IRS tax-exemption ruling in February 2002, 24 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 (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 2023, Essex Chips Inc reported income of $281k and spending of $272k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $281k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Essex Chips Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 53rd percentile within VT. Charities of a similar size with the same main cause include Your Passion 1st ($281k), Clear Creek Rock House ($281k) and Boys & Girls Clubs in Indian Country Inc ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $73k (27% of expenses). Other salaries and wages came to $33k. At year end it held assets of $50k against liabilities of $61k, net assets of -$11k. It reported 6 employees.