Grundy County Chamber Foundation

Analysis

Grundy County Chamber Foundation is a registered charity in United States, based in Morris, IL. It received its IRS tax-exemption ruling in March 2008, 18 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, Grundy County Chamber Foundation reported income of $125k and spending of $87k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $125k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grundy County Chamber Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Plant City High School Music Foundation Inc ($125k), Warrenton Presbyterian School ($125k) and Friends of Upland Choral Music ($125k).

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 $210k against liabilities of $28k, net assets of $182k.