Chop Point Inc

Analysis

Chop Point Inc is a registered charity in United States, based in Woolwich, ME. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2024, Chop Point Inc reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.0m to $1.1m (+14%), an average of +2.6% a year. The sharpest change came in the year to August 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chop Point Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include Global Gospel Action Inc ($1.1m), Sacred Heart Radio Inc ($1.1m) and Seekers Point Ministry ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $510k. At year end it held assets of $2.7m against liabilities of $206k, net assets of $2.5m. It reported 53 employees.