The Chrysalis Center

Analysis

The Chrysalis Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, The Chrysalis Center reported income of $50.0m and spending of $52.7m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.2m to $50.0m (+78%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Chrysalis Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include East Tenn Human Resource Agency Inc ($50.0m), Robert R McCormick Foundation ($50.1m) and Brilla College Preparatory Charter Schools ($49.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $289k (0.5% of expenses). Other salaries and wages came to $33.5m. At year end it held assets of $17.0m against liabilities of $8.5m, net assets of $8.4m. It reported 2,389 employees.