Cheval Court Inc

Analysis

Cheval Court Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Cheval Court Inc reported income of $364k and spending of $450k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $307k to $364k (+19%), an average of +5.9% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cheval Court Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include St Croix Elderly Housing Inc ($364k), Milestone Charitable Foundation Inc ($364k) and Lake County Public Library Foundation Inc ($364k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.9m against liabilities of $855k, net assets of $2.0m.

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.