Chiefs Old Friends Corporation

Analysis

Chiefs Old Friends Corporation is a registered charity in United States, based in Chelsea, AL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Chiefs Old Friends Corporation reported income of $89k and spending of $91k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $89k (+332%), an average of +332% a year. The sharpest change came in the year to December 2023, when income rose by 332%. Over the whole period it spent 103% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Chiefs Old Friends Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Animal Protection League of McCreary County ($89k), Mockingbird Farm Inc ($89k) and Project Purr ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,765 against liabilities of $0, net assets of $5,765.