Chip Hale Center Inc

Analysis

Chip Hale Center Inc is a registered charity in United States, based in Rogersville, TN. It received its IRS tax-exemption ruling in November 1978, 48 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 June 2023, Chip Hale Center Inc reported income of $2.9m and spending of $3.4m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.9m (-5.0%), an average of -1.3% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chip Hale Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Key West Art & Historical Society Inc ($2.9m), Come to Believe Foundation ($2.9m) and American Civil Liberties Union Fund of the District of Columbia ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $62k (1.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $647k against liabilities of $142k, net assets of $505k. It reported 114 employees.