The Chatfield Edge

Analysis

The Chatfield Edge is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Chatfield Edge reported income of $1.9m and spending of $2.6m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $1.9m (-61%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Chatfield Edge sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Hartridge Academy Inc ($1.9m), Fly Gateway Aviation Institute ($1.9m) and Career and Technical Education Consortium of States Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $213k (8.0% of expenses). Other salaries and wages came to $617k. At year end it held assets of $12.2m against liabilities of $2.2m, net assets of $10.0m. It reported 37 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.