Chamber of Commerce of Eastern Connecticut Foundation Inc

Analysis

Chamber of Commerce of Eastern Connecticut Foundation Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Chamber of Commerce of Eastern Connecticut Foundation Inc reported income of $126k and spending of $130k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $126k (+1.1%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber of Commerce of Eastern Connecticut Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Classic Planning Institute ($126k), Music and Arts Programs of America Inc ($126k) and Retake Remake Incorporated ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $282k against liabilities of $27k, net assets of $255k.