Chop4change

Analysis

Chop4change is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in June 2023, 3 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, Chop4change reported income of $59k and spending of $45k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $35k to $59k (+68%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chop4change sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Valley Groove Productions Inc ($59k), Go Be Great Foundation Non-Profit Corporation ($59k) and Texas Irish Foundation ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.