Cheshire Home III Inc

Analysis

Cheshire Home III Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cheshire Home III Inc reported income of $117k and spending of $188k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $117k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 265%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheshire Home III Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include LA Gonave Haiti Missions ($117k), Eternal Covenant Foundation ($117k) and Nokomis Community Closet ($117k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $21k (11% of expenses). Other salaries and wages came to $24k. At year end it held assets of $855k against liabilities of $1.5m, net assets of -$610k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.