Chopchop Family Inc

Analysis

Chopchop Family Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chopchop Family Inc reported income of $923k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $923k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chopchop Family Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Sola Gratia Farm ($923k), Angels Attic Thrift Shop ($923k) and Louise and Anne Thrift & Fleamarket ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $201k (17% of expenses). Other salaries and wages came to $302k. At year end it held assets of $334k against liabilities of $342k, net assets of -$7,626. It reported 5 employees.