Chesapeake and Ohio Canal Association Inc

Analysis

Chesapeake and Ohio Canal Association Inc is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 December 2023, Chesapeake and Ohio Canal Association Inc reported income of $55k and spending of $25k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $55k (-14%), an average of -14% a year. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesapeake and Ohio Canal Association Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Friends of the Library of Lakeland Florida Inc ($55k), PTA Texas Congress ($55k) and Little League Baseball Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 6.8% of the total. At year end it held assets of $405k against liabilities of $5,802, net assets of $399k.