Chapter Two

Analysis

Chapter Two is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2009, 17 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 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, Chapter Two reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chapter Two sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Hourglass Project ($1.7m), St Andrews Mission ($1.7m) and Greencorps Chicago ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (6.7% of expenses). Other salaries and wages came to $669k. At year end it held assets of $510k against liabilities of $318k, net assets of $192k. It reported 24 employees.