Chesterfield Alternatives Inc

Analysis

Chesterfield Alternatives Inc is a registered charity in United States, based in Chesterfield, VA. It received its IRS tax-exemption ruling in June 1987, 39 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 2024, Chesterfield Alternatives Inc reported income of $470k and spending of $527k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $320k to $470k (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 839%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chesterfield Alternatives Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Hannahs House Inc ($470k), Mayo Street Arts ($470k) and Bienvenu Counseling Services Inc ($470k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $115k (22% of expenses). At year end it held assets of $3.7m against liabilities of $921k, net assets of $2.8m. It reported 1 employees.