Friends of Chesnut Foundation Inc

Analysis

Friends of Chesnut Foundation Inc is a registered charity in United States, based in Dunwoody, GA. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Friends of Chesnut Foundation Inc reported income of $75k and spending of $99k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $75k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Chesnut Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Princeton Music Boosters Incorporated ($75k), Centurion Christian Classical Schools ($75k) and Amanda Hayes Foundation ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.