Chbglobal Corp

Analysis

Chbglobal Corp is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Chbglobal Corp reported income of $118k and spending of $124k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $118k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chbglobal Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Wayland Little League Inc ($118k), Snake River Stock Car Association Incorporation ($118k) and Girls on the Run of Middle Tennessee ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $6,771 against liabilities of $0, net assets of $6,771.