Chancellors Family Center

Analysis

Chancellors Family Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2023, Chancellors Family Center reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.6m to $2.4m (+49%), an average of +10% a year. The sharpest change came in the year to October 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chancellors Family Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Jaguar Athletic Fund Inc ($2.4m), Governors Island Alliance Inc ($2.4m) and KC Fusion Soccer Club ($2.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $71k (3.0% of expenses). Other salaries and wages came to $233k. At year end it held assets of $3.2m against liabilities of $2.8m, net assets of $374k. It reported 13 employees.