Chestnut Health Qalicb Inc

Analysis

Chestnut Health Qalicb Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chestnut Health Qalicb Inc reported income of $352k and spending of $610k, spending 173% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $612k to $352k (-42%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 63%. Over the whole period it spent 164% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chestnut Health Qalicb Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Giving Health Inc ($352k), Parkinsons Body and Mind Inc ($353k) and Wichita Fellowship Club Inc ($352k).

At year end it held assets of $6.5m against liabilities of $7.7m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.