Chapel of the Air Inc

Analysis

Chapel of the Air Inc is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. 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 May 2024, Chapel of the Air Inc reported income of $92k and spending of $103k, spending 111% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $113k to $92k (-18%), an average of -18% a year. The sharpest change came in the year to May 2024, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chapel of the Air Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include White River Medical Center Auxiliary ($92k), Little League Baseball Inc ($92k) and Golf Club of Tennessee Scholarship Fund ($92k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.