Prescott Chamber of Commercefoundation

Analysis

Prescott Chamber of Commercefoundation is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in December 2007, 19 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, Prescott Chamber of Commercefoundation reported income of $306k and spending of $257k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $557k to $306k (-45%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prescott Chamber of Commercefoundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include Northbound Foundation Inc ($306k), Kanaka Economic Development Alliance ($306k) and Tuscarawas County Council for Church & Community ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.7% of the total. At year end it held assets of $455k against liabilities of $40k, net assets of $415k.