Chainfree USA

Analysis

Chainfree USA is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Chainfree USA reported income of $127k and spending of $91k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $127k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 73% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Chainfree USA sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include New Hope Equine ($127k), Waushara County Animal Shelter Inc ($127k) and Dharmahorse ($127k).

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 $66k against liabilities of $0, net assets of $66k.