Chalice Inc

Analysis

Chalice Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Chalice Inc reported income of $212k and spending of $235k, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $273k to $212k (-22%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Chalice Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Track II Unit Inc ($212k), Vera Aqua Vera Vita ($212k) and Yahve-Jire Childrens Foundation US ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $271k against liabilities of $371k, net assets of -$101k.

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.