Love Chatham

Analysis

Love Chatham is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in April 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 (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, Love Chatham reported income of $259k and spending of $177k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $259k (+201%), an average of +201% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Chatham sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Good Hope Equestrian & Regenerative ($259k), Laney Memorial Tournament ($259k) and Kennon & Ruby Tuck Foundation ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $46k (26% of expenses). Other salaries and wages came to $8,077. At year end it held assets of $320k against liabilities of $210k, net assets of $110k. It reported 2 employees.