Chesapeake Bay Foundation Inc

Analysis

Chesapeake Bay Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Bay Foundation Inc reported income of $32.2m and spending of $34.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.8m to $32.2m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Chesapeake Bay Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Catskill Watershed Corporation ($31.9m), Taproot Earth ($32.8m) and John Muir Land Trust ($31.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $1.6m (4.6% of expenses). Other salaries and wages came to $11.8m. It paid $709k in professional fundraising fees. At year end it held assets of $126.5m against liabilities of $4.6m, net assets of $121.8m. It reported 278 employees.