International Chess School Inc

Analysis

International Chess School Inc is a registered charity in United States, based in Montville, NJ. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, International Chess School Inc reported income of $520k and spending of $257k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $520k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 40% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Chess School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Apex Friendship Patriots Athletic Club Inc ($520k), Scotts Valley San Lorenzo Valley Soccer Club Inc ($520k) and Cary Baseball Federation ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.8% of the total. At year end it held assets of $3.7m against liabilities of $7,750, net assets of $3.7m.