Chaldean American Ladies of Charity

Analysis

Chaldean American Ladies of Charity is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in February 1981, 45 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 December 2023, Chaldean American Ladies of Charity reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $1.8m (+119%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chaldean American Ladies of Charity sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Legacy YMCA ($1.8m), Loaves & Fishes Inc ($1.8m) and Imperial Valley Medical Clinic Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.0% of the total. Other salaries and wages came to $517k. At year end it held assets of $1.8m against liabilities of $595k, net assets of $1.2m. It reported 15 employees.