Chestnut Hill Community Fund

Analysis

Chestnut Hill Community Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Chestnut Hill Community Fund reported income of $65k and spending of $63k, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $97k to $65k (-34%), an average of -9.7% a year. The sharpest change came in the year to March 2023, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chestnut Hill Community Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include All Are Worthy ($65k), Olga Loizon Memorial Foundation ($65k) and Far South West-Southeast Community Development Corporation ($65k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $1.3m against liabilities of $20k, net assets of $1.3m.