Chester River Health Foundation Inc

Analysis

Chester River Health Foundation Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in January 1985, 41 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, Chester River Health Foundation Inc reported income of $860k and spending of $667k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $455k to $860k (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chester River Health Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Veterans Honor Flight of ND MN ($860k), Betty and Leonard Phillips Deaf Action Center of Northwest LA Inc ($860k) and Korean American Community Services Inc ($860k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $8.0m against liabilities of $36k, net assets of $8.0m.