Chesterfield Public Education Foundation Inc

Analysis

Chesterfield Public Education Foundation Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Public Education Foundation Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $953k to $1.8m (+90%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 195%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chesterfield Public Education Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Mahaska Community Recreation Foundation Inc ($1.8m), Owasso Community Resources Inc ($1.8m) and Highlands Festivals Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $129k (7.1% of expenses). Other salaries and wages came to $298k. At year end it held assets of $1.9m against liabilities of $134k, net assets of $1.8m. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.