Chimezie Ononye Foundation Inc

Analysis

Chimezie Ononye Foundation Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in July 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, Chimezie Ononye Foundation Inc reported income of $141k and spending of $131k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $141k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chimezie Ononye Foundation Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within GA. Charities of a similar size with the same main cause include Cjhealing Arts ($141k), Evangelical Alliance for Immigration Services ($141k) and Silver Creek Thrift Inc ($141k).

On its Form 990-EZ 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.