Chesterwye Foundation Inc

Analysis

Chesterwye Foundation Inc is a registered charity in United States, based in Queenstown, MD. It received its IRS tax-exemption ruling in November 1983, 43 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, Chesterwye Foundation Inc reported income of $294k and spending of $91k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $252k to $294k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesterwye Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Leadership Dekalb Inc ($294k), Rhode Island Community Action Association ($294k) and Deschutes County Historical Society ($294k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $2.7m against liabilities of $208k, net assets of $2.5m.