Chime Foundation Incorporated

Analysis

Chime Foundation Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chime Foundation Incorporated reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chime Foundation Incorporated 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 80th percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Coordinated Assistance Network ($1.1m), Ican Shine Inc ($1.1m) and Seed Sower Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $18.4m against liabilities of $3.3m, net assets of $15.1m.