Cottages of Chester Village Inc

Analysis

Cottages of Chester Village Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Cottages of Chester Village Inc reported income of $142k and spending of $172k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $142k (+6.0%), an average of +1.5% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cottages of Chester Village Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Marthas Table So Inc ($142k), Stand Up Survivor ($142k) and Core City Neighborhoods ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $842k against liabilities of $21k, net assets of $821k.

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.