Beverly Chamber of Comm

Analysis

Beverly Chamber of Comm is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in April 1987, 39 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, Beverly Chamber of Comm reported income of $355k and spending of $330k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $355k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beverly Chamber of Comm sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Williamsburg Manor Inc ($355k), Jefferson County Historical and Genealogical Society Incorporated ($355k) and Taylor Community Library Association ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $98k (30% of expenses). Other salaries and wages came to $45k. At year end it held assets of $132k against liabilities of $28k, net assets of $104k. It reported 4 employees.