Chapel Oaks Inc

Analysis

Chapel Oaks Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chapel Oaks Inc reported income of $5.2m and spending of $4.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.2m (+26%), an average of +5.9% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chapel Oaks Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Sommerset Neighborhood Incorporated ($5.2m), John Bertram House of Swampscott Inc ($5.2m) and Projecthandup ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $16.9m against liabilities of $6.6m, net assets of $10.3m.