Chums Incorporated

Analysis

Chums Incorporated is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in September 1958, 68 years ago. 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 September 2023, Chums Incorporated reported income of $85k and spending of $75k, spending 87% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $61k to $85k (+41%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chums Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Little League Baseball Inc ($85k), Leadership Collierville Inc ($85k) and PTA Texas Congress ($85k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 8.3% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.