Tompkins County Chamber of Commerce Foundation

Analysis

Tompkins County Chamber of Commerce Foundation is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in September 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tompkins County Chamber of Commerce Foundation reported income of $403k and spending of $349k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $403k (+359%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tompkins County Chamber of Commerce Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Pike Township Educational Foundation Inc ($402k), Pikes Peak Outdoor Recreation Alliance ($403k) and Washington University Student Media Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $249k against liabilities of $24k, net assets of $225k.