Chesapeake Care Resources Inc

Analysis

Chesapeake Care Resources Inc is a registered charity in United States, based in Northeast, MD. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Care Resources Inc reported income of $5.7m and spending of $6.1m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.7m to $5.7m (+0.5%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chesapeake Care Resources Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Christus Spohn Health System Development Foundation ($5.7m), Healthy Acadia ($5.7m) and Intecare Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $161k (2.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $8.9m against liabilities of $657k, net assets of $8.3m. It reported 107 employees.