Chippewa River Industries Inc

Analysis

Chippewa River Industries Inc is a registered charity in United States, based in Chippewa FLS, WI. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chippewa River Industries Inc reported income of $3.9m and spending of $3.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $3.9m (-12%), an average of -3.0% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chippewa River Industries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Packard Group Incorporated ($3.9m), Dan Marino Foundation Inc ($3.9m) and Pike Market Senior Center ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $242k (6.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $6.3m against liabilities of $392k, net assets of $5.9m. It reported 259 employees.