German American Chamber of Commerce California Inc

Analysis

German American Chamber of Commerce California Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, German American Chamber of Commerce California Inc reported income of $965k and spending of $736k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $965k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 288%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, German American Chamber of Commerce California Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Rogers Park Community Council ($965k), Saratoga Economic Development Corporation ($966k) and Cooper Square Community Development Committee Inc ($964k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $335k. At year end it held assets of $922k against liabilities of $258k, net assets of $664k. It reported 2 employees.