Foundation of the Williamsport Lycoming Chamber

Analysis

Foundation of the Williamsport Lycoming Chamber is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in July 1991, 35 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 the Williamsport Lycoming Chamber reported income of $74k and spending of $72k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $74k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Williamsport Lycoming Chamber sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Fbi National Academy Associates Inc ($74k), Perceptions Yoga Mindfulness and Art Inc ($74k) and National Association of Pupil Services Administrators ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 58% of the total. Other salaries and wages came to $32k. At year end it held assets of $484k against liabilities of $32k, net assets of $452k.