Chemam Inc

Analysis

Chemam Inc is a registered charity in United States, based in Richmond HTS, OH. It received its IRS tax-exemption ruling in October 1985, 41 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chemam Inc reported income of $184k and spending of $180k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $128k to $184k (+43%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chemam Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Stony Island Community Services ($184k), Kings Daughters Hospital Auxiliary ($184k) and North Centtreville Volunteer Fireman S Association No 1 Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $50k. At year end it held assets of $27k against liabilities of $502, net assets of $27k. It reported 2 employees.