Chapman Learning Center Inc New Corp

Analysis

Chapman Learning Center Inc New Corp is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Chapman Learning Center Inc New Corp reported income of $255k and spending of $419k, spending 165% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $352k to $255k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chapman Learning Center Inc New Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Bridging Tech Charitable Fund ($255k), Berwick Boys Foundation Inc ($255k) and Oko Urban Farms Inc ($255k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (20% of expenses). Other salaries and wages came to $277k. At year end it held assets of $78k against liabilities of $58k, net assets of $21k. It reported 2 employees.