Chair Ity Inc
EIN: 472298771 · Akron, OH · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $462K |
| Total Expenses | $292K |
| Net Assets | $301K |
Is Chair Ity Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chair Ity Inc
Chair Ity Inc (EIN: 472298771) is a nonprofit organization based in Akron, OH, classified under NTEE code P80. The organization reported total revenue of $462K and total assets of $354K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chair Ity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chair Ity Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 55.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $286K |
| Total Expenses | $292K |
| Surplus / Deficit | $-5,817 |
| Total Assets | $328K |
| Total Liabilities | $27K |
| Net Assets | $301K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 13.5 months |
Financial Health Grade: B
In 2023, Chair Ity Inc reported a deficit of $6K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Chair Ity Inc's revenue has grown at a compound annual growth rate (CAGR) of 55.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.1% | -3.5% | +0.3% |
| 2022 | +94.4% | +160.4% | +68.6% |
| 2021 | +55.5% | +108.3% | +102.0% |
| 2020 | +5693.7% | +455.0% | +617.7% |
| 2019 | -36.8% | +42.6% | -28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chair Ity Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chair Ity Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Chair Ity Inc
Is Chair Ity Inc a legitimate charity?
Chair Ity Inc (EIN: 472298771) is a registered tax-exempt nonprofit based in Ohio. It has 10 years of IRS 990 filings on record. Total revenue: $462K. No red flags identified. Financial health grade: B.
How does Chair Ity Inc spend its money?
Chair Ity Inc reported $462K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chair Ity Inc tax-deductible?
Chair Ity Inc is registered as a tax-exempt nonprofit (EIN: 472298771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chair Ity Inc located?
Chair Ity Inc is headquartered in Akron, Ohio and files with the IRS under EIN 472298771. It is classified under NTEE code P80.
How many years of IRS 990 filings does Chair Ity Inc have?
Chair Ity Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $462K in total revenue.
Filing History
IRS 990 filing history for Chair Ity Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Chair Ity Inc's revenue has grown by 5204.6%, moving from $5K to $286K. Total assets increased by 5025.7% over the same period, from $6K to $328K. In its most recent filing year (2023), Chair Ity Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $27K in liabilities against $328K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $292K | $328K | $27K | — | — |
| 2022 | $416K | $303K | $327K | $25K | — | — |
| 2021 | $214K | $116K | $194K | $5K | — | View 990 |
| 2020 | $138K | $56K | $96K | $4K | — | — |
| 2019 | $2K | $10K | $13K | $0 | — | View 990 |
| 2018 | $4K | $7K | $19K | $0 | — | View 990 |
| 2017 | $13K | $6K | $22K | $0 | — | View 990 |
| 2016 | $6K | $3K | $15K | $0 | — | View 990 |
| 2015 | $11K | $5K | $12K | $0 | — | View 990 |
| 2014 | $5K | $0 | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $292K, and assets of $328K (revenue -31.1% year-over-year).
- 2022: Revenue of $416K, expenses of $303K, and assets of $327K (revenue +94.4% year-over-year).
- 2021: Revenue of $214K, expenses of $116K, and assets of $194K (revenue +55.5% year-over-year).
- 2020: Revenue of $138K, expenses of $56K, and assets of $96K (revenue +5693.7% year-over-year).
- 2019: Revenue of $2K, expenses of $10K, and assets of $13K (revenue -36.8% year-over-year).
- 2018: Revenue of $4K, expenses of $7K, and assets of $19K (revenue -70.7% year-over-year).
- 2017: Revenue of $13K, expenses of $6K, and assets of $22K (revenue +124.6% year-over-year).
- 2016: Revenue of $6K, expenses of $3K, and assets of $15K (revenue -46.6% year-over-year).
- 2015: Revenue of $11K, expenses of $5K, and assets of $12K (revenue +97.8% year-over-year).
- 2014: Revenue of $5K, expenses of $0, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chair Ity Inc:
Data Sources and Methodology
This transparency report for Chair Ity Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.