Chestnut Street Community Center

Analysis

Chestnut Street Community Center is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in April 2022, 4 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, Chestnut Street Community Center reported income of $1.5m and spending of $88k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $465k to $1.5m (+215%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 2957%. Over the whole period it spent 8.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chestnut Street Community Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include For Childrens Sake of Virginia ($1.5m), American-Italian Coalition of Organizations Inc ($1.5m) and Help in Healing Home Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. At year end it held assets of $1.8m against liabilities of $666, net assets of $1.8m.