Chippewa Local Excellence for Education Foundation

Analysis

Chippewa Local Excellence for Education Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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 December 2023, Chippewa Local Excellence for Education Foundation reported income of $56k and spending of $21k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $56k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chippewa Local Excellence for Education Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Las Candelas Inc ($56k), Trust Two ($56k) and Courtlynns Compass ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $382k against liabilities of $0, net assets of $382k.