Alecs Chess Club

Analysis

Alecs Chess Club is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Alecs Chess Club reported income of $76k and spending of $76k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $76k (+3.1%), an average of +3.1% a year. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alecs Chess Club sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Solomons Boys and Girls Club Inc ($76k), Beaverton High School Booster Club ($76k) and Pittsburgh Youth Golf Foundation Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. At year end it held assets of $1 against liabilities of $45k, net assets of -$45k.