Greater Waterbury Chamber of Commerce Foundation Inc

Analysis

Greater Waterbury Chamber of Commerce Foundation Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Greater Waterbury Chamber of Commerce Foundation Inc reported income of $376k and spending of $378k, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $318k to $376k (+18%), an average of +4.2% a year. The sharpest change came in the year to March 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Waterbury Chamber of Commerce Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Southern Illinois Now ($376k), Faith Coalition for the Common Good Inc ($376k) and Mishicot Area Growth and Improvement Committee Inc ($375k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $267k against liabilities of $262k, net assets of $4,567.