Friends of the Chapel of Four Chaplains Inc

Analysis

Friends of the Chapel of Four Chaplains Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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 the Chapel of Four Chaplains Inc reported income of $228k and spending of $219k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $228k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Chapel of Four Chaplains Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include South Dearborn Schools Endowment Corporation ($228k), Ripple Effect Inc ($228k) and National Federation of the Blind of New York State Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). Other salaries and wages came to $35k. At year end it held assets of $586k against liabilities of $67k, net assets of $518k. It reported 2 employees.