Chestnut Hill Foundation Inc

Analysis

Chestnut Hill Foundation Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Chestnut Hill Foundation Inc reported income of $494k and spending of $837k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $711k to $494k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 143% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chestnut Hill Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Thrive Adventures ($494k), Grasp ($494k) and Legacy Disciple ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $145k. At year end it held assets of $7.4m against liabilities of $20k, net assets of $7.4m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.