Chesapeake Jubilee Inc

Analysis

Chesapeake Jubilee Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Jubilee Inc reported income of $390k and spending of $324k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $390k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 2086%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Jubilee Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Rosendale Theatre Collective ($390k), We Players ($390k) and Monument Legacy Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Other salaries and wages came to $45k. At year end it held assets of $309k against liabilities of $0, net assets of $309k. It reported 1 employees.