Ten Chimneys Foundation Inc

Analysis

Ten Chimneys Foundation Inc is a registered charity in United States, based in Genesee Depot, WI. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Ten Chimneys Foundation Inc reported income of $787k and spending of $828k, spending 105% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $2.2m to $787k (-64%), an average of -29% a year. The sharpest change came in the year to March 2021, when income dropped by 69%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ten Chimneys Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Quincy Mine Hoist Association ($787k), Indo-American Arts Council Inc ($787k) and Alarm Will Sound Inc ($787k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $220k (27% of expenses). Other salaries and wages came to $85k. At year end it held assets of $4.6m against liabilities of $947k, net assets of $3.6m. It reported 8 employees.