Friends of Chatham Inc

Analysis

Friends of Chatham Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2024, Friends of Chatham Inc reported income of $104k and spending of $38k, leaving 64% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $104k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Chatham Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Pennsylvania Lions Sight Conservation and Eye Research Foun ($104k), Gibraltar Volunteer Firemans Relief Association ($104k) and Georgetown Citizen Police Academy Alumni Association ($104k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 21% of the total. At year end it held assets of $444k against liabilities of $0, net assets of $444k.