Chimes District of Columbia Inc

Analysis

Chimes District of Columbia 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 (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 2023, Chimes District of Columbia Inc reported income of $105.5m and spending of $98.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.7m to $105.5m (+22%), an average of +5.0% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chimes District of Columbia Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Kidango Inc ($105.4m), Goodwill Industries of the Valley Works ($105.5m) and Chapters Health System Inc ($105.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $186k (0.2% of expenses). Other salaries and wages came to $46.3m. At year end it held assets of $66.7m against liabilities of $11.3m, net assets of $55.4m. It reported 1,620 employees.