Oakland African American Chamber Foundation

Analysis

Oakland African American Chamber Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Oakland African American Chamber Foundation reported income of $103k and spending of $222k, spending 215% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $103k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakland African American Chamber Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Ldor Vador Development Corp ($103k), Commercial Real Estate Alliance for Tomorrows Employees ($103k) and Henry D Moore Parish House and Library ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.