National Scholastic Chess Foundation Inc

Analysis

National Scholastic Chess Foundation Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in October 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, National Scholastic Chess Foundation Inc reported income of $874k and spending of $789k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $717k to $874k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, National Scholastic Chess Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Girls on the Run Georgia Inc ($874k), Nashua Police Athletic League ($874k) and The Child Language Center Inc ($874k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $200k. At year end it held assets of $449k against liabilities of $69k, net assets of $380k. It reported 4 employees.