Chimes Foundation 
The information on this page was last updated 7/8/2026. If you see errors or omissions, please email: [email protected]
Summary
Chimes is a nonprofit supporting people of differing abilities and behavioral health needs to thrive through personalized care, innovative programs, and pathways to independence.
Contact information
Mailing address:
Chimes Foundation
4815 Seton Drive
Baltimore, MD 21215
Website: chimes.org
Phone: (410) 358-6400
Email: [email protected]
Organization details
EIN: 521796571
CEO/President: Steve DaRe
Chairman: Michael Mitchell
Board size: 7
Founder:
Ruling year: 1994
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Envision a world where people of differing abilities choose their own path to an enriched and empowered life.
Mission statement
The mission of Chimes is to foster a compassionate and inclusive community where individuals of differing abilities and behavioral health needs are supported and thrive. Chimes enables futures by providing holistic support, advocacy, and innovative solutions that enhance independence, well-being, and a sense of belonging.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1412 of 1412 | 145 of 145 |
| Fund acquisition rating | | 1407 of 1412 | 145 of 145 |
| Resource allocation rating | | 1412 of 1412 | 145 of 145 |
| Asset utilization rating | | 1364 of 1413 | 136 of 145 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 122% | 113% | 130% | 26% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 83% | 65% | 76% | 21% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 68% | 58% | 58% | 81% | 13% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 78% | 63% | 75% | 59% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 32% | 42% | 42% | 19% | 87% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 4% | 0% | 0% | 1% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 105% | 104% | 101% | 36% | 112% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 4% | 0% | 0% | 0% | 94% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -5% | -4% | -1% | 64% | -12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -1% | 0% | 0% | 6% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 18% | 37% | 25% | 40% | 16% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.01 | 0.10 | 0.07 | 0.06 | 0.03 | 0.07 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.87 | 6.09 | 6.05 | 5.61 | 5.14 | 3.28 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.16 | 0.62 | 0.43 | 0.34 | 0.15 | 0.24 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.81 | 37.57 | 221.68 | 21.49 | 69.15 | 1585.89 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.03 | 0.00 | 0.05 | 0.01 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.74 | 18.80 | 27.71 | 33.24 | 79.23 | 50.52 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 20% | 18% | 18% | 16% | 14% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 76% | 780% | 1145% | 1338% | 2894% | 1184% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $3,587,947 | $3,252,686 | $3,243,957 | $3,156,495 | $5,036,289 |
| Receivables, inventories, prepaids | $82,953 | $90,013 | $38,807 | $30,190 | $117,868 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,670,900 | $3,342,699 | $3,282,764 | $3,186,685 | $5,154,157 |
| Long-term investments | $18,444,942 | $16,630,196 | $14,779,245 | $12,700,173 | $11,145,636 |
| Fixed assets | $7,907 | $7,907 | $7,907 | $7,907 | $7,907 |
| Other long-term assets | $220,198 | $247,548 | $354,458 | $472,134 | $584,267 |
| Total long-term assets | $18,673,047 | $16,885,651 | $15,141,610 | $13,180,214 | $11,737,810 |
| Total assets | $22,343,947 | $20,228,350 | $18,424,374 | $16,366,899 | $16,891,967 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $97,700 | $7,079 | $152,743 | $46,085 | $3,250 |
| Other current liabilities | $0 | $8,000 | $0 | $0 | $0 |
| Total current liabilities | $97,700 | $15,079 | $152,743 | $46,085 | $3,250 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $4,464,507 | $3,716,520 | $3,156,348 | $2,553,292 | $2,398,237 |
| Total long-term liabilities | $4,464,507 | $3,716,520 | $3,156,348 | $2,553,292 | $2,398,237 |
| Total liabilities | $4,562,207 | $3,731,599 | $3,309,091 | $2,599,377 | $2,401,487 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $17,403,998 | $13,022,562 | $11,102,438 | $13,441,228 | $14,135,881 |
| With donor restrictions | $377,742 | $3,474,189 | $4,012,845 | $326,294 | $354,599 |
| Net assets | $17,781,740 | $16,496,751 | $15,115,283 | $13,767,522 | $14,490,480 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $1,467,867 | $807,315 | $649,744 | $1,081,979 | $140,449 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $702,781 | $602,252 | $345,238 | $137,919 | $955,005 |
| Other revenue | ($8,197) | ($18,000) | $120,942 | $108,129 | $0 |
| Total other revenue | $694,584 | $584,252 | $466,180 | $246,048 | $955,005 |
| Total revenue | $2,162,451 | $1,391,567 | $1,115,924 | $1,328,027 | $1,095,454 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $79,875 | $0 | $2,246 | $5,600 | $1,028,263 |
| Management and general | $416,009 | $530,393 | $281,376 | $188,349 | $195,350 |
| Fundraising | $1,785,143 | $910,746 | $846,435 | $281,715 | $0 |
| Total expenses | $2,281,027 | $1,441,139 | $1,130,057 | $475,664 | $1,223,613 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($118,576) | ($49,572) | ($14,133) | $852,363 | ($128,159) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($118,576) | ($49,572) | ($14,133) | $852,363 | ($128,159) |
Compensation
Compensation data for this ministry has not been collected.
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/8/2026. To update the information below, please email: [email protected]
History
The story of Chimes began in 1947, when The Chimes School opened its doors with a small but devoted staff and a powerful force at its heart: the love of a mother for her child. Frances Bacon envisioned a place where children with developmental disabilities could experience more meaningful, enriching days.
That vision first came to life in the basement of a Baltimore church, where Chimes began as a special education day school serving just five students and their families. From those humble beginnings, Chimes has grown thoughtfully and purposefully to meet the changing needs of the people we support. Today, that legacy continues through The Chimes School, which remains a vital part of our mission...supporting, celebrating, and empowering students to reach their fullest potential.
What began as a single school has grown into a far-reaching network of services. Chimes now offers a full continuum of support that touches every stage of life, helping thousands of individuals with disabilities and mental and behavioral health needs thrive in their communities.
Now known as Chimes Family of Services, we provide a broad range of offerings, including community living, day habilitation, vocational training, employment services, and behavioral health care for more than 20,000 children, adolescents, and adults each year.
Through intentional, mission-driven growth, Chimes now operates in six U.S. states: Maryland, Delaware, Virginia, Pennsylvania, New Jersey, and North Carolina, as well as the District of Columbia and Israel.