Chi Boule Foundation

Analysis

Chi Boule Foundation is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chi Boule Foundation reported income of $124k and spending of $62k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $533k to $124k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chi Boule Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Canby Rotary Foundation Inc ($124k), Irwin Green and Bethea Green Support Foundation ($124k) and The Temple on Greene Street ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 123% of the total. At year end it held assets of $503k against liabilities of $0, net assets of $503k.