Allen-Chase Foundation

Analysis

Allen-Chase Foundation is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in December 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Allen-Chase Foundation reported income of $34.2m and spending of $25.5m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $27.1m to $34.2m (+26%), an average of +8.1% a year. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allen-Chase Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Colorado School of Mines Foundation ($34.2m), University Student Housing ($34.2m) and Csula Auxiliary Services Inc ($34.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $744k (2.9% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $229.1m against liabilities of $22.3m, net assets of $206.7m. It reported 207 employees.