Chef Lous Army Inc

Analysis

Chef Lous Army Inc is a registered charity in United States, based in Manasquan, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chef Lous Army Inc reported income of $607k and spending of $694k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $998k to $607k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chef Lous Army Inc 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 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Linnton Community Center ($607k), Basic Needs Inc of South Washington County ($607k) and Region K Community Assistance Corporation ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $16k (2.3% of expenses). At year end it held assets of $7,419 against liabilities of $2,410, net assets of $5,009.