The Chapel Restoration Inc

Analysis

The Chapel Restoration Inc is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, The Chapel Restoration Inc reported income of $130k and spending of $131k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $130k (+114%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chapel Restoration Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Carter Family Memorial Music Center Inc ($130k), The Dinosaur Museum ($130k) and Future Generations of Saint Lucie County ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. At year end it held assets of $721k against liabilities of $0, net assets of $721k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.