Sustainable Chesapeake

Analysis

Sustainable Chesapeake is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Sustainable Chesapeake reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sustainable Chesapeake sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include New Jersey State Golf Association ($1.3m), Belvidere Family YMCA ($1.3m) and Acton Community Supper and Food Pantry Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (8.4% of expenses). At year end it held assets of $544k against liabilities of $272k, net assets of $272k. It reported 2 employees.