Chestnut Manor Inc

Analysis

Chestnut Manor Inc is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chestnut Manor Inc reported income of $108k and spending of $142k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $108k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chestnut Manor Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WV. Charities of a similar size with the same main cause include St Anthony Homes Inc ($108k), Terry Village Inc ($108k) and St Meinrad Housing for the Elderly Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Other salaries and wages came to $5,496. At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.2m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.