Chimes Metro Inc

Analysis

Chimes Metro Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Chimes Metro Inc reported income of $34.6m and spending of $36.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.0m to $34.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chimes Metro Inc 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 98th percentile within MD. Charities of a similar size with the same main cause include River Crossing Young Mens Christian Association ($34.6m), Young Mens Christian Association ($34.6m) and Direction Home of Eastern Ohio Inc ($34.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $115k (0.3% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $8.6m against liabilities of $13.9m, net assets of -$5.3m. It reported 676 employees.