Chesterbrook Learning Center

Analysis

Chesterbrook Learning Center is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Chesterbrook Learning Center reported income of $75k and spending of $92k, spending 123% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $58k to $75k (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chesterbrook Learning Center sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Millburn Short Hills Chinese Association ($75k), Construction Safety Council of Northeast Ohio ($75k) and Woodland Volunteer Fire Department Benevolent Fund ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $134k against liabilities of $15k, net assets of $119k.