Community Chest Inc

Analysis

Community Chest Inc is a registered charity in United States, based in Virginia City, NV. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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 June 2023, Community Chest Inc reported income of $4.4m and spending of $4.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.5m to $4.4m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Chest Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include New River Community College Educational Foundation Inc ($4.4m), Veterans Bridge Home Inc ($4.4m) and China Outreach Ministries Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $220k (5.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.5m against liabilities of $817k, net assets of $663k. It reported 84 employees.