Chesapeake Research Consortium Inc

Analysis

Chesapeake Research Consortium Inc is a registered charity in United States, based in Edgewater, MD. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Chesapeake Research Consortium Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Chesapeake Research Consortium Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Wholesome Wave Inc ($2.3m), Woonasquatucket River Watershed Council ($2.4m) and Clinch-Powell Resource Conservation and Development Are ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $276k (12% of expenses). Other salaries and wages came to $826k. At year end it held assets of $1.1m against liabilities of $697k, net assets of $366k. It reported 21 employees.