United States of America Chess Federation

Analysis

United States of America Chess Federation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, United States of America Chess Federation reported income of $6.4m and spending of $5.3m, spending 83% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $4.3m to $6.4m (+49%), an average of +10% a year. The sharpest change came in the year to May 2023, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United States of America Chess Federation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Young Womens Christian Association Canton Ohio ($6.4m), Methodist Childrens Homes of Mississippi ($6.4m) and Effective Planning Innovative Communication Inc ($6.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $32k (0.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.1m against liabilities of $1.8m, net assets of $5.3m. It reported 26 employees.