Chester Education Foundation

Analysis

Chester Education Foundation is a registered charity in United States, based in Chester, PA. It received its IRS tax-exemption ruling in August 1993, 33 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 June 2023, Chester Education Foundation reported income of $936k and spending of $926k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $936k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chester Education Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Daystar Adventist Academy ($936k), Medical Eye Bank of West Virginia Inc ($936k) and Christian Community Development ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $96k (10% of expenses). Other salaries and wages came to $497k. At year end it held assets of $553k against liabilities of $90k, net assets of $463k. It reported 147 employees.