Chesconet

Analysis

Chesconet is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Chesconet reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesconet sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Executive Leadership Institute ($1.7m), Alumnae Association of Mount Holyoke College Inc ($1.7m) and Bicycle Colorado ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.5m against liabilities of $130k, net assets of $2.4m.