Chesapeake Bay Trust

Analysis

Chesapeake Bay Trust is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1986, 40 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 2024, Chesapeake Bay Trust reported income of $28.4m and spending of $26.6m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $14.3m to $28.4m (+98%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesapeake Bay Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Hopes Community Action Partnership Incorporated ($28.4m), Latham Centers Inc ($28.4m) and United Cerebral Palsy of Georgia Inc ($28.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $358k (1.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $43.0m against liabilities of $21.4m, net assets of $21.5m. It reported 42 employees.