Chance Letikva Inc

Analysis

Chance Letikva Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2021, 5 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 (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, Chance Letikva Inc reported income of $599k and spending of $657k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $371k to $599k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chance Letikva Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include United Way of Washington County ($599k), KLRN Endowment Fund Inc ($600k) and TD Securities Underwriting Hope Fund Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.