Gift of Chess Inc

Analysis

Gift of Chess Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gift of Chess Inc reported income of $307k and spending of $273k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $307k (+239%), an average of +239% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gift of Chess Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Logos Classical Academy ($307k), West Ranch High School Band Boosters ($307k) and Friends of Baltimore City Public Schools Great Kids Farm Foundtn in ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.