Chaddock

Analysis

Chaddock is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chaddock reported income of $18.4m and spending of $18.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $18.4m (+176%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chaddock sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Smile Payee Services Inc ($18.4m), Sound Generations ($18.4m) and Helping Hand Center ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $459k (2.5% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $771k against liabilities of $763k, net assets of $7,735. It reported 365 employees.