Chimes International Limited

Analysis

Chimes International Limited is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chimes International Limited reported income of $15.7m and spending of $16.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $15.7m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chimes International Limited sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Dunn School ($15.7m), Jacksonville State University Foundation ($15.7m) and Shasta County Head Start Child Development Inc ($15.7m).

Compensation of current officers, directors and key employees was $2.4m (15% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $30.1m against liabilities of $34.5m, net assets of -$4.3m. It reported 90 employees.