Chi Management Incorporated

Analysis

Chi Management Incorporated is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Chi Management Incorporated reported income of $10.0m and spending of $10.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.0m to $10.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chi Management Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Franklin Vance Warren Opportunity ($10.0m), United Community Corporation ($10.0m) and Albuquerque Health Care for the Homeless Inc ($10.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $152k (1.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.3m against liabilities of $4.3m, net assets of $2.0m. It reported 128 employees.