Chrysalis Initiative

Analysis

Chrysalis Initiative is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Chrysalis Initiative reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $201k to $1.2m (+488%), an average of +142% a year. The sharpest change came in the year to September 2022, when income rose by 357%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chrysalis Initiative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Goodall Witcher Healthcare Foundation Inc ($1.2m), Mt Graham Safe House Inc ($1.2m) and Satilla Health Foundation Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $315k (27% of expenses). Other salaries and wages came to $173k. At year end it held assets of $5,854 against liabilities of $0, net assets of $5,854. It reported 3 employees.