Kasparov Chess Foundation Inc

Analysis

Kasparov Chess Foundation Inc is a registered charity in United States, based in Montville, NJ. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kasparov Chess Foundation Inc reported income of $1.7m and spending of $1.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kasparov Chess Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Compuware Youth Hockey Inc ($1.7m), Colusa County Fair Foundation ($1.7m) and Ann Arbor Figure Skating Club ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $230k (20% of expenses). At year end it held assets of $10.0m against liabilities of $103k, net assets of $9.9m. It reported 1 employees.