Chapter 510 Ink

Analysis

Chapter 510 Ink is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2015, 11 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 (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, Chapter 510 Ink reported income of $1.2m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $494k to $1.2m (+136%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chapter 510 Ink sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Bergstrom-Mahler Museum Inc ($1.2m), Brenton Arboretum Inc ($1.2m) and Cheyenne Depot Museum Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $129k (9.7% of expenses). Other salaries and wages came to $604k. It paid $46k in professional fundraising fees. At year end it held assets of $914k against liabilities of $713k, net assets of $201k. It reported 19 employees.