Cha Foundation

Analysis

Cha Foundation is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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, Cha Foundation reported income of $5.4m and spending of $234k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $680k to $5.4m (+689%), an average of +68% a year. The sharpest change came in the year to June 2020, when income rose by 1210%. Over the whole period it spent 1.8% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cha Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include United Way of Central and Southern Utah ($5.4m), United Way of York County ($5.4m) and Massachusetts Continuing Legal Education Inc ($5.4m).

At year end it held assets of $224.2m against liabilities of $19.9m, net assets of $204.3m.