Greater Chesapeake Charitable Foundation Inc

Analysis

Greater Chesapeake Charitable Foundation Inc is a registered charity in United States, based in Hunt Valley, MD. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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, Greater Chesapeake Charitable Foundation Inc reported income of $93k and spending of $112k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $56k to $93k (+67%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Chesapeake Charitable Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include Cherry Creek School District Parent Teacher Community Council Inc ($93k), Santa Barbara Deputy Sheriffs Foundation ($93k) and Legatus ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $3,300 (3.0% of expenses). At year end it held assets of $393k against liabilities of $0, net assets of $393k.