Chambers Center for Well-Being LLC

Analysis

Chambers Center for Well-Being LLC is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Chambers Center for Well-Being LLC reported income of $1.5m and spending of $2.9m, spending 198% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $525k to $1.5m (+178%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 239% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chambers Center for Well-Being LLC sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Tiyospaye Inc ($1.5m), Northland Christian Counseling Center Inc ($1.5m) and Siyan Clinical Research ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $0 against liabilities of $5.6m, net assets of -$5.6m.

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.