Chrysalis Community Inc

Analysis

Chrysalis Community Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chrysalis Community Inc reported income of $105k and spending of $186k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $105k (-47%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chrysalis Community Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Co-Nexus Inc ($105k), Spencer Community of Hope II Inc ($105k) and Corpus Christi Finance Corporation ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $138k. At year end it held assets of $76k against liabilities of $0, net assets of $76k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.