Queens County Chamber of Commerce Foundation Inc

Analysis

Queens County Chamber of Commerce Foundation Inc is a registered charity in United States, based in Jackson Heights, NY. It received its IRS tax-exemption ruling in August 2000, 26 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 (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, Queens County Chamber of Commerce Foundation Inc reported income of $704k and spending of $130k, leaving 82% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $351k to $704k (+101%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Queens County Chamber of Commerce Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Downtown Chambersburg Inc ($704k), Central Fulton Street District Management Association Inc ($704k) and Ceramic Tile Education Foundation ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $719k against liabilities of $7,003, net assets of $712k.