Gainesville Chess Club Inc

Analysis

Gainesville Chess Club Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Gainesville Chess Club Inc reported income of $61k and spending of $63k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $61k (-15%), an average of -15% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gainesville Chess Club Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Round-Up Hall of Fame Association ($61k), Illinois Aviation Museum at Bolingbrook ($61k) and Woodland Steward Institute Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.