Chess for Success

Analysis

Chess for Success is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Chess for Success reported income of $1.3m and spending of $1.0m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $481k to $1.3m (+176%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chess for Success sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include The Walsh College Foundation ($1.3m), Tyndale Theological Seminary Inc Fka Tyndale International Mission ($1.3m) and Family Education Resource Ministries ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $65k (6.4% of expenses). Other salaries and wages came to $574k. At year end it held assets of $486k against liabilities of $333k, net assets of $153k. It reported 99 employees.