Chesterbrook Residences Inc

Analysis

Chesterbrook Residences Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Chesterbrook Residences Inc reported income of $7.0m and spending of $6.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $7.0m (+26%), an average of +5.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chesterbrook Residences Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Pennsylvania Association for Sustainable Agriculture ($7.0m), Urban Initiatives Inc ($7.0m) and Central Minnesota Council on Aging Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $17.2m against liabilities of $10.7m, net assets of $6.5m. It reported 107 employees.