Chesapeake Voyagers Inc

Analysis

Chesapeake Voyagers Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in April 2012, 14 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 June 2023, Chesapeake Voyagers Inc reported income of $455k and spending of $462k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $362k to $455k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chesapeake Voyagers Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include H O P E Through Divine Intervention ($454k), Boys Haven of America Inc ($455k) and Fort Hood Thrift Shop Benefit Fund ($454k).

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 $81k (18% of expenses). Other salaries and wages came to $179k. At year end it held assets of $119k against liabilities of $74k, net assets of $45k. It reported 10 employees.

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.