Chesskidz Inc
Chesskidz Inc. faces recent deficits with expenses exceeding revenue, though officer compensation remains at 0%.
EIN: 203299525 · Reno, NV · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $78K |
| Program Spending | 80% |
| Net Assets | $21K |
| Transparency Score | 75/100 |
Is Chesskidz Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chesskidz Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chesskidz Inc
Chesskidz Inc (EIN: 203299525) is a nonprofit organization based in Reno, NV, classified under NTEE code O50. The organization reported total revenue of $104K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesskidz Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesskidz Inc is a small nonprofit that has been operating for 11 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $78K |
| Surplus / Deficit | $-5,856 |
| Total Assets | $32K |
| Total Liabilities | $11K |
| Net Assets | $21K |
| Operating Margin | -8.1% |
| Debt-to-Asset Ratio | 34.2% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2022, Chesskidz Inc reported a deficit of $6K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 34.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Chesskidz Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +31.5% | +8.8% | -16.8% |
| 2021 | -52.9% | -41.8% | -41.1% |
| 2020 | -6.5% | -4.1% | +24.0% |
| 2019 | -7.9% | +17.0% | -5.0% |
| 2018 | +16.0% | -0.9% | +92.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chesskidz Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chesskidz Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chesskidz Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., $78,177 expenses vs. $72,321 revenue in 202208).
- Declining asset base from $64,436 in 202008 to $31,568 in 202208.
- Limited financial reserves relative to annual operating budget.
Strengths
The following positive indicators were identified for Chesskidz Inc:
- Consistent 0% officer compensation across all filings, indicating efficient leadership cost management.
- Long history of IRS 990 filings (12 periods), demonstrating commitment to transparency and compliance.
- Clear alignment with NTEE code O50 (Recreational & Leisure Activities) for its mission.
Frequently Asked Questions about Chesskidz Inc
Is Chesskidz Inc a legitimate charity?
Chesskidz Inc (EIN: 203299525) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $104K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Chesskidz Inc spend its money?
Chesskidz Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chesskidz Inc tax-deductible?
Chesskidz Inc is registered as a tax-exempt nonprofit (EIN: 203299525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chesskidz Inc's spending goes to programs?
Chesskidz Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chesskidz Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chesskidz Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chesskidz Inc located?
Chesskidz Inc is headquartered in Reno, Nevada and files with the IRS under EIN 203299525. It is classified under NTEE code O50.
How many years of IRS 990 filings does Chesskidz Inc have?
Chesskidz Inc has 12 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 $104K in total revenue.
Is Chesskidz Inc. financially stable?
Chesskidz Inc. has shown recent instability, with expenses exceeding revenue in the last two reported periods (202208 and 202108), leading to a decline in assets from $64,436 in 202008 to $31,568 in 202208. This trend suggests a need for improved financial management to ensure long-term stability.
How efficient is Chesskidz Inc. with its spending?
While specific program spending ratios are not detailed, the consistent 0% officer compensation suggests high efficiency in leadership costs. However, the recent operational deficits indicate that overall spending has outpaced revenue, which could impact efficiency if not addressed.
What is the trend in Chesskidz Inc.'s revenue and expenses?
Revenue has fluctuated, peaking around $135,664 in 201808, but has generally declined in recent years to $72,321 in 202208. Expenses have also varied but have exceeded revenue in the last two periods, indicating a negative financial trend.
Does Chesskidz Inc. have sufficient reserves?
With current assets of $27,482 and latest revenue of $103,568, the organization has less than three months of operating reserves based on its latest revenue, which is generally considered low for a nonprofit.
Filing History
IRS 990 filing history for Chesskidz Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Chesskidz Inc's revenue has declined by 0.6%, moving from $73K to $72K. Total assets increased by 310.5% over the same period, from $8K to $32K. Total functional expenses rose by 15%, from $68K to $78K. In its most recent filing year (2022), Chesskidz Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $11K in liabilities against $32K in assets (debt-to-asset ratio: 34.2%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $72K | $78K | $32K | $11K | — | View 990 |
| 2021 | $55K | $72K | $38K | $11K | — | View 990 |
| 2020 | $117K | $123K | $64K | $21K | — | — |
| 2019 | $125K | $129K | $52K | $2K | — | View 990 |
| 2018 | $136K | $110K | $55K | $677 | — | View 990 |
| 2017 | $117K | $111K | $28K | $50 | — | View 990 |
| 2016 | $119K | $110K | $23K | $1K | — | View 990 |
| 2015 | $87K | $77K | $15K | $1K | — | View 990 |
| 2014 | $37K | $37K | $1K | $0 | — | — |
| 2013 | $49K | $52K | $1K | $261 | — | — |
| 2012 | $49K | $52K | $1K | $-261 | — | — |
| 2011 | $73K | $68K | $8K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $72K, expenses of $78K, and assets of $32K (revenue +31.5% year-over-year).
- 2021: Revenue of $55K, expenses of $72K, and assets of $38K (revenue -52.9% year-over-year).
- 2020: Revenue of $117K, expenses of $123K, and assets of $64K (revenue -6.5% year-over-year).
- 2019: Revenue of $125K, expenses of $129K, and assets of $52K (revenue -7.9% year-over-year).
- 2018: Revenue of $136K, expenses of $110K, and assets of $55K (revenue +16.0% year-over-year).
- 2017: Revenue of $117K, expenses of $111K, and assets of $28K (revenue -1.5% year-over-year).
- 2016: Revenue of $119K, expenses of $110K, and assets of $23K (revenue +36.1% year-over-year).
- 2015: Revenue of $87K, expenses of $77K, and assets of $15K (revenue +136.1% year-over-year).
- 2014: Revenue of $37K, expenses of $37K, and assets of $1K (revenue -24.4% year-over-year).
- 2013: Revenue of $49K, expenses of $52K, and assets of $1K (revenue +0.0% year-over-year).
- 2012: Revenue of $49K, expenses of $52K, and assets of $1K (revenue -32.8% year-over-year).
- 2011: Revenue of $73K, expenses of $68K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesskidz Inc:
Data Sources and Methodology
This transparency report for Chesskidz 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.