Chesapeake Public Schools Educational Foundation

Analysis

Chesapeake Public Schools Educational Foundation is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chesapeake Public Schools Educational Foundation reported income of $229k and spending of $213k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $184k to $229k (+24%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Public Schools Educational Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Early County Literacy Task Force Corporation ($228k), Georgia Association of Special Programs Inc ($229k) and White House Academy ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $696k against liabilities of $0, net assets of $696k.