Chatham Education Foundation

Analysis

Chatham Education Foundation is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chatham Education Foundation reported income of $231k and spending of $126k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $327k to $231k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chatham Education Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Greater Pittston Santa Squad Inc ($231k), Bergelectric Charitable Foundation ($231k) and Three Trees Missionary Association Inc ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $1.6m against liabilities of $2,006, net assets of $1.6m.