Chester Housing Initiatives Inc

Analysis

Chester Housing Initiatives Inc is a registered charity in United States, based in Chester, PA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Chester Housing Initiatives Inc reported income of $419k and spending of $337k, spending 80% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $118k to $419k (+256%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chester Housing Initiatives Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Smithtown Historical Society ($419k), Clancy Works Inc ($419k) and Norway Hall Foundation a Non Profit California Corporation ($419k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $68k against liabilities of $53k, net assets of $15k.