Chestnut Hill Business Improvement District

Analysis

Chestnut Hill Business Improvement District is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 May 2023, Chestnut Hill Business Improvement District reported income of $360k and spending of $387k, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $334k to $360k (+7.9%), an average of +1.9% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chestnut Hill Business Improvement District sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Francis Xavier Plaza Inc ($360k), Fairless Hills Volunteer Fire Company ($360k) and PBS Impact Foundation Inc ($360k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,623 (2.0% of expenses). Other salaries and wages came to $20k. At year end it held assets of $114k against liabilities of $0, net assets of $114k.