Chesapeake Developmental Unit Inc

Analysis

Chesapeake Developmental Unit Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Chesapeake Developmental Unit Inc reported income of $1.8m and spending of $1.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.8m (-10%), an average of -2.6% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chesapeake Developmental Unit Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include West Community Economic Development Corporation ($1.8m), Project Cu Inc ($1.8m) and California Health Advocates ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $792k. At year end it held assets of $1.7m against liabilities of $104k, net assets of $1.6m. It reported 42 employees.