Chatham Trades Inc

Analysis

Chatham Trades Inc is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Chatham Trades Inc reported income of $911k and spending of $1.1m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $911k (-16%), an average of -5.5% a year. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chatham Trades Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Business Volunteers Maryland Inc ($910k), Connecticut Main Street Center Inc ($911k) and United Vision for Idaho Inc ($910k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $81k (7.5% of expenses). Other salaries and wages came to $637k. At year end it held assets of $1.2m against liabilities of $759k, net assets of $431k. It reported 56 employees.