Chair-Ity Inc

Analysis

Chair-Ity Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chair-Ity Inc reported income of $286k and spending of $292k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $214k to $286k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chair-Ity Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Newton at Home Inc ($286k), Little Flock Childrens Homes Inc ($286k) and Discovery Programs ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $57k (19% of expenses). Other salaries and wages came to $40k. At year end it held assets of $328k against liabilities of $27k, net assets of $301k. It reported 2 employees.