Chimes Virginia Inc

Analysis

Chimes Virginia Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Chimes Virginia Inc reported income of $7.5m and spending of $7.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chimes Virginia Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Portfolio Resident Services Inc ($7.5m), Moise Safra Community Center Inc ($7.5m) and Touch-Stone Solutions Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $3.3m against liabilities of $1.8m, net assets of $1.4m. It reported 148 employees.