New Chesapeake Men for Progress Education Foundation

Analysis

New Chesapeake Men for Progress Education Foundation is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, New Chesapeake Men for Progress Education Foundation reported income of $118k and spending of $100k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $118k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Chesapeake Men for Progress Education Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Gulf Coast Biologics Inc ($118k), Millburn Middle School PTO ($118k) and International Society of Osteoarthritis Imaging Isoai Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.