Chess Education Foundation Inc

Analysis

Chess Education Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chess Education Foundation Inc reported income of $249k and spending of $226k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $249k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chess Education Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Buffalo Sports Wellness Association Inc ($249k), Byrne Institute ($249k) and Cullman Band Boosters Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $59k (26% of expenses). At year end it held assets of $90k against liabilities of $0, net assets of $90k. It reported 2 employees.