Chief Executives for Corporate Purpose Inc

Analysis

Chief Executives for Corporate Purpose Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Chief Executives for Corporate Purpose Inc reported income of $5.5m and spending of $6.1m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.1m to $5.5m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to August 2022, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chief Executives for Corporate Purpose Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Maria Seymour Brooker Memorial Inc ($5.5m), United Way of Denton County Inc ($5.5m) and Mount Dora Community Trust ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $1.6m (27% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $5.2m against liabilities of $3.3m, net assets of $1.9m. It reported 33 employees.