Chess-In-The-Schools Inc

Analysis

Chess-In-The-Schools Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1956, 70 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Chess-In-The-Schools Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.8m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chess-In-The-Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Girlstart ($2.8m), Walnut Creek Soccer Club ($2.8m) and Indiana Golf Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $172k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $17.2m against liabilities of $1.1m, net assets of $16.1m. It reported 73 employees.