Chestnut Hill Community Association Pa Inc

Analysis

Chestnut Hill Community Association Pa Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Chestnut Hill Community Association Pa Inc reported income of $425k and spending of $392k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $274k to $425k (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chestnut Hill Community Association Pa Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Toms River Business Development Corporation ($425k), Neighborhood Network Alliance ($425k) and River and Plains Society Inc ($425k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 5.8% of the total. Other salaries and wages came to $168k. At year end it held assets of $415k against liabilities of $67k, net assets of $349k. It reported 6 employees.