Chips for Charity

Analysis

Chips for Charity is a registered charity in United States, based in Mexico, MO. It received its IRS tax-exemption ruling in August 2018, 8 years ago. 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, Chips for Charity reported income of $68k and spending of $68k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $68k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chips for Charity sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MO. Charities of a similar size with the same main cause include Sheridan Carroll Charitable Works Fund Inc ($68k), The Dalles Swim Team Inc ($68k) and Virginia Congress of Parents and Teachers ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.