Chinu V Chisdu Inc

Analysis

Chinu V Chisdu Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chinu V Chisdu Inc reported income of $199k and spending of $222k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $672k to $199k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinu V Chisdu Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Kirby Senior Center Corporation ($199k), SSG Matthew a Pucino Memorial Foundation ($199k) and Sos Ministry Mission Field- the Streets of America ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.