Chelkainy Inc

Analysis

Chelkainy Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in June 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, Chelkainy Inc reported income of $1.1m and spending of $889k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.5m to $1.1m (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chelkainy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Family Hui Hawaii ($1.1m), All Secure Foundation Inc ($1.1m) and Midtown Assistance Center Inc ($1.1m).

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 $829k against liabilities of $74k, net assets of $755k.