Hampton Roads Chess Association

Analysis

Hampton Roads Chess Association is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Hampton Roads Chess Association reported income of $192k and spending of $196k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $148k to $192k (+29%), an average of +29% a year. The sharpest change came in the year to August 2023, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hampton Roads Chess Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Hayfield University ($192k), Norma G Canner Foundation for Voice Movement Therapy Inc ($192k) and Legacy Homeschool Center ($192k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.