Tacoma Pierce County Chamber of Commerce Foundation

Analysis

Tacoma Pierce County Chamber of Commerce Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in August 2006, 20 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 September 2023, Tacoma Pierce County Chamber of Commerce Foundation reported income of $313k and spending of $524k, spending 167% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $222k to $313k (+41%), an average of +9.1% a year. The sharpest change came in the year to September 2021, when income rose by 295%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tacoma Pierce County Chamber of Commerce Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Huntsville-Madison County Chamber of Commerce Foundation ($313k), Delivered to Serve ($314k) and Oyster Bay Main Street Association ($313k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. At year end it held assets of $176k against liabilities of $61k, net assets of $115k.