Foundation of Lancaster Chamber

Analysis

Foundation of Lancaster Chamber is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Foundation of Lancaster Chamber reported income of $162k and spending of $532k, spending 329% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $376k to $162k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 160%. Over the whole period it spent 266% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of Lancaster Chamber sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Community Reinvestment Foundation XV Inc ($162k), First Baptist Church Foundation TR 080120 ($162k) and National Charity League Inc San Fernando Valley Chapter ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $12.1m against liabilities of $8.5m, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.