Chair the Love Inc

Analysis

Chair the Love Inc is a registered charity in United States, based in Longwood, FL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Chair the Love Inc reported income of $528k and spending of $341k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $266k to $528k (+99%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 308%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chair the Love Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Mozaic ($528k), Restore Innocence ($529k) and Denver Tool Library ($528k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 26% of the total. Other salaries and wages came to $519. At year end it held assets of $281k against liabilities of $2,059, net assets of $279k.