Chapter One NFP

Analysis

Chapter One NFP is a registered charity in United States, based in Odessa, FL. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Chapter One NFP reported income of $9.0m and spending of $10.3m, spending 114% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.4m to $9.0m (+163%), an average of +27% a year. The sharpest change came in the year to July 2023, when income rose by 269%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chapter One NFP sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Candeo Schools Inc ($9.0m), Christian School at Castle Hills ($9.0m) and Crown Point Christian School Association Inc ($9.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $252k (2.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $2.7m against liabilities of $358k, net assets of $2.3m. It reported 391 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.