Chesapeake Sports Club

Analysis

Chesapeake Sports Club is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Chesapeake Sports Club reported income of $59k and spending of $65k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $59k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Sports Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Orchard Ranch Parent Teacher Club ($59k), PTA New Jersey Congress of Parents & Teachers ($59k) and Parent Booster USA Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 25% of the total. At year end it held assets of $730k against liabilities of $12k, net assets of $718k.