Chelco Foundation a Florida Corporation Not-For-Profit

Analysis

Chelco Foundation a Florida Corporation Not-For-Profit is a registered charity in United States, based in Defuniak SPGS, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chelco Foundation a Florida Corporation Not-For-Profit reported income of $1.2m and spending of $24k, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $724k to $1.2m (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 2.2% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chelco Foundation a Florida Corporation Not-For-Profit sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Eastern Wyoming College Foundation ($1.2m), Colorado Alliance of Research Libraries ($1.2m) and Educate Fairfax ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.