Chesapeake Multicultural Resource Center Inc

Analysis

Chesapeake Multicultural Resource Center Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Chesapeake Multicultural Resource Center Inc reported income of $1.0m and spending of $763k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $611k to $1.0m (+72%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 52%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Multicultural Resource Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Cascade View Christian School ($1.0m), Rocky Mountain Center for Health Promotion and Education ($1.0m) and The Washington Commanders Charitable Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 9.1% of the total. Other salaries and wages came to $460k. At year end it held assets of $1.4m against liabilities of $174k, net assets of $1.2m. It reported 21 employees.