Greater Lehigh Valley Chamber of Commerce Foundation

Analysis

Greater Lehigh Valley Chamber of Commerce Foundation is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Lehigh Valley Chamber of Commerce Foundation reported income of $456k and spending of $482k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $439k to $456k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Lehigh Valley Chamber of Commerce Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Asian Entrepreneurship Foundation ($455k), East Grays Harbor County Food Bank ($456k) and United Methodist Neighborhood Centers Inc ($455k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (6.2% of expenses). Other salaries and wages came to $99k. At year end it held assets of $217k against liabilities of $42k, net assets of $175k.