Chesapeake Tri-Association Inc

Analysis

Chesapeake Tri-Association Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chesapeake Tri-Association Inc reported income of $893k and spending of $889k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $646k to $893k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 50979%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Tri-Association Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Love Now Media Inc ($892k), Verge Center for the Arts ($893k) and Awood Center ($892k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $253k against liabilities of $94k, net assets of $159k.