Just One Chesed Inc

Analysis

Just One Chesed Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Just One Chesed Inc reported income of $6.9m and spending of $5.6m, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $428k to $6.9m (+1514%), an average of +302% a year. The sharpest change came in the year to December 2023, when income rose by 1032%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Just One Chesed Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include United Way of Northwest Georgia Inc ($6.9m), Community Foundation of the Quincy Area ($6.9m) and Granite Charitable ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (1.5% of expenses). Other salaries and wages came to $82k. At year end it held assets of $1.5m against liabilities of $4,784, net assets of $1.5m. It reported 2 employees.