Chesapeake Conservancy Inc

Analysis

Chesapeake Conservancy Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2008, 18 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 September 2023, Chesapeake Conservancy Inc reported income of $24.5m and spending of $12.0m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $6.5m to $24.5m (+278%), an average of +39% a year. The sharpest change came in the year to September 2023, when income rose by 235%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Chesapeake Conservancy Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Harvest Eco-Salvage ($24.4m), Center for Energy and Environment ($24.5m) and American Forests ($24.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $211k (1.8% of expenses). Other salaries and wages came to $3.0m. It paid $88k in professional fundraising fees. At year end it held assets of $22.6m against liabilities of $1.0m, net assets of $21.5m. It reported 49 employees.