Chimes Inc

Analysis

Chimes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chimes Inc reported income of $41.6m and spending of $45.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $50.6m to $41.6m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chimes Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Masonic Homes of Kentucky Inc ($41.6m), Valley of the Sun Young Mens Christian Association ($41.7m) and Mission Neighborhood Centers Inc ($41.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $23.6m. At year end it held assets of $22.2m against liabilities of $18.9m, net assets of $3.4m. It reported 804 employees.