Greater Wilkes-Barre Chamber of Business & Industry

Analysis

Greater Wilkes-Barre Chamber of Business & Industry is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Greater Wilkes-Barre Chamber of Business & Industry reported income of $1.1m and spending of $795k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $1.1m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Wilkes-Barre Chamber of Business & Industry 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 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Harrisonburg Downtown Renaissance ($1.1m), Tabernacle Community Development Corporation ($1.1m) and Panhandle Area Development District ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $235k (30% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $325k. It reported 11 employees.