Community Chest of Port Washington Inc

Analysis

Community Chest of Port Washington Inc is a registered charity in United States, based in Port Washington, NY. It received its IRS tax-exemption ruling in August 1949, 77 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 September 2023, Community Chest of Port Washington Inc reported income of $839k and spending of $880k, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $818k to $839k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Chest of Port Washington Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Vital Life - a Marquis and Consonus Foundation ($838k), Michael Rolfe Pancreatic Cancer Foundation ($839k) and Vineyard Power Development Fund Inc ($838k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.4m against liabilities of $413k, net assets of $963k. It reported 3 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.