Chronicle of Philanthropy Inc

Analysis

Chronicle of Philanthropy Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Chronicle of Philanthropy Inc reported income of $835k and spending of $769k, spending 92% of its income. Across the 2 years on record, from March 2022 to March 2023, income grew from $614k to $835k (+36%), an average of +36% a year. The sharpest change came in the year to March 2023, when income rose by 36%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chronicle of Philanthropy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 52nd percentile within DC. Charities of a similar size with the same main cause include San Francisco Bay Area Theatre Company ($835k), Inglewood Community Programs ($835k) and Iowa Association of Soil Conservation District Commission ($835k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $1.9m, net assets of $394k.