Chalfonte Foundation

Analysis

Chalfonte Foundation is a registered charity in United States, based in Elk Rapids, MI. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chalfonte Foundation reported income of $376k and spending of $300k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $139k to $376k (+170%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chalfonte Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Center for Financial Empowerment ($376k), Three Rivers Crisis Center ($376k) and London Bridge Child Care Center Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $70k (23% of expenses). It paid $99 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $293k, net assets of $907k.