Cheyney Foundation

Analysis

Cheyney Foundation is a registered charity in United States, based in Cheyney, PA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cheyney Foundation reported income of $677k and spending of $324k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $592k to $677k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cheyney Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Kids Club After School Program ($677k), Adirondack Community College Foundation Inc ($677k) and Resource Depot Inc ($677k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. It paid $6,399 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $39k, net assets of $1.3m.