Chive Charities

Analysis

Chive Charities is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Chive Charities reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chive Charities sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Love Family Affiliated Fund of the Oklahoma City Community Foundation ($2.5m), Midwood Special Education Services Inc ($2.5m) and El Rio Health Center Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $138k (5.5% of expenses). Other salaries and wages came to $365k. At year end it held assets of $316k against liabilities of $52k, net assets of $264k. It reported 9 employees.