Greater Philadelphia Chamber of Commerce Regional Foundation

Analysis

Greater Philadelphia Chamber of Commerce Regional Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1992, 34 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Philadelphia Chamber of Commerce Regional Foundation reported income of $1.1m and spending of $1.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.1m (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Philadelphia Chamber of Commerce Regional Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Activate Food Arizona ($1.1m), Employee Assistance Professionals Association Inc ($1.1m) and R I T E S Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $2.7m against liabilities of $7,500, net assets of $2.6m.