Chestnut Hill Benevolent Association

Analysis

Chestnut Hill Benevolent Association is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Chestnut Hill Benevolent Association reported income of $9.2m and spending of $9.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $9.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chestnut Hill Benevolent Association 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Relate Inc ($9.2m), Concordia Place ($9.2m) and East Boston Social Centers Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $302k (3.1% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $41.6m against liabilities of $989k, net assets of $40.6m. It reported 81 employees.