Chiarina

Analysis

Chiarina is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 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 2024, Chiarina reported income of $188k and spending of $150k, leaving 20% of income unspent that year. Across the 3 years on record, from August 2022 to June 2024, income fell from $288k to $188k (-35%), an average of -19% a year. The sharpest change came in the year to August 2023, when income dropped by 38%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chiarina sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 28th percentile within DC. Charities of a similar size with the same main cause include Technology Broadcasting Corporation ($188k), Mount Calvary Academy of Music ($188k) and Productora Angeles-Del-Fin Inc ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $50k (33% of expenses). It paid $2,760 in professional fundraising fees. At year end it held assets of $269k against liabilities of $0, net assets of $269k.