Chpa Educational Foundation

Analysis

Chpa Educational Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chpa Educational Foundation reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.0m (-8.2%), an average of -2.1% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chpa Educational Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include Delray United Action Council ($2.0m), Jacksonville Development Corporation ($2.0m) and New Economy Project ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $292k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.2m against liabilities of $433k, net assets of $779k.