Chiselers Inc

Analysis

Chiselers Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Chiselers Inc reported income of $491k and spending of $275k, leaving 44% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $754k to $491k (-35%), an average of -10% a year. The sharpest change came in the year to May 2022, when income dropped by 36%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chiselers Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Wisconsin Elks Benevolent Fund Inc ($491k), Orlando Union Rescue Mission Foundation Inc ($491k) and Jamestown Foundation Inc ($491k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.8m against liabilities of $37k, net assets of $1.8m.