10 Chefs Inc

Analysis

10 Chefs Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 10 Chefs Inc reported income of $409k and spending of $411k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $300k to $409k (+36%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 10 Chefs Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within AK. Charities of a similar size with the same main cause include The Lymphatic Malformation Institute ($409k), Hope Springs Water ($409k) and North Star Community Foundation ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.