Chess in Education - US LLC

Analysis

Chess in Education - US LLC is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in September 2019, 7 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 September 2023, Chess in Education - US LLC reported income of $50k and spending of $93k, spending 185% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $211k to $50k (-76%), an average of -76% a year. The sharpest change came in the year to September 2023, when income dropped by 76%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chess in Education - US LLC sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include American Inns of Court Foundation ($50k), Madison Historical Society ($50k) and National Minority Business Council Inc ($50k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $37k against liabilities of $397, net assets of $37k.