Chippewa Enterprises Inc

Analysis

Chippewa Enterprises Inc is a registered charity in United States, based in Montevideo, MN. It received its IRS tax-exemption ruling in August 1978, 48 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, Chippewa Enterprises Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $777k to $1.2m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chippewa Enterprises Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Oak Park & River Forest Day Nursery ($1.2m), Childrens Learning Center Inc ($1.2m) and We the People of Detroit ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $18k (1.5% of expenses). Other salaries and wages came to $601k. At year end it held assets of $1.5m against liabilities of $575k, net assets of $971k. It reported 63 employees.