Chestnut Grove Association Inc

Analysis

Chestnut Grove Association Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Grove Association Inc reported income of $739k and spending of $663k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $745k to $739k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chestnut Grove Association 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 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Penguin Players Ltd ($739k), Inter-Industry Economic Research Fund Inc ($739k) and Kansas Farm Management Association S E ($739k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $841k against liabilities of $468k, net assets of $374k.