Checkerboard Foundation Inc

Analysis

Checkerboard Foundation Inc is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Checkerboard Foundation Inc reported income of $257k and spending of $234k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $413k to $257k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Checkerboard Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Tri-State Education and Technology Foundation ($257k), Sandy Bodecker Project Inc ($257k) and Calvary Center for Culture & Community ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $79k. At year end it held assets of $4.6m against liabilities of $350k, net assets of $4.3m. It reported 4 employees.