U S Chess Center Foundation

Analysis

U S Chess Center Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, U S Chess Center Foundation reported income of $377k and spending of $364k, spending 96% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $291k to $377k (+30%), an average of +5.3% a year. The sharpest change came in the year to July 2022, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, U S Chess Center Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Kids Chance of Georgia Inc ($377k), Carlson High School Booster Club Inc ($378k) and Keller Athletic Boosters ($377k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $110k (30% of expenses). Other salaries and wages came to $148k. At year end it held assets of $267k against liabilities of $9,016, net assets of $258k. It reported 10 employees.