Chrysalis Foundation

Analysis

Chrysalis Foundation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chrysalis Foundation reported income of $1.1m and spending of $879k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $852k to $1.1m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chrysalis Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Citizen of Burma Award Organization Inc ($1.1m), East Central Community College Foundation Inc ($1.1m) and Heed Uganda ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $137k (16% of expenses). Other salaries and wages came to $222k. At year end it held assets of $11.0m against liabilities of $67k, net assets of $10.9m. It reported 4 employees.