Chase Hawks Memorial Association Inc

Analysis

Chase Hawks Memorial Association Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Chase Hawks Memorial Association Inc reported income of $750k and spending of $737k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $172k to $750k (+336%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 210%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chase Hawks Memorial Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within MT. Charities of a similar size with the same main cause include Eugene L Garcia Charitable Trust ($750k), LCG Icare Foundation ($750k) and Trinity Oaks Enterprises ($749k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $50k (6.8% of expenses). Other salaries and wages came to $90k. At year end it held assets of $765k against liabilities of $284k, net assets of $481k. It reported 2 employees.