Chime Education Foundation

Analysis

Chime Education Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Chime Education Foundation reported income of $290k and spending of $428k, spending 148% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $206k to $290k (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2022, when income rose by 202%. Over the whole period it spent 137% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chime Education Foundation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Boscobel Rescue Squad Inc ($290k), Hope Health and Wellness Center Qalicb ($290k) and New Yorkers Family Research Foundation Inc ($290k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $287k. At year end it held assets of $994k against liabilities of $175k, net assets of $819k.