Chesapeake Care Inc

Analysis

Chesapeake Care Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Chesapeake Care Inc reported income of $985k and spending of $948k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.0m to $985k (-2.5%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesapeake Care Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Wilcox Health Foundation ($985k), Berlin Fire Company Inc ($985k) and Big Brothers Big Sisters of the Ozarks Inc ($985k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $87k (9.1% of expenses). Other salaries and wages came to $465k. At year end it held assets of $2.4m against liabilities of $49k, net assets of $2.3m. It reported 30 employees.