Chattanooga Chamber Foundation

Analysis

Chattanooga Chamber Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Chattanooga Chamber Foundation reported income of $5.9m and spending of $5.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chattanooga Chamber Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Napa Valley Vintners Healthy Community Fund ($5.9m), Broome County Community Charities Inc ($5.9m) and The Ellis Foundation ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $559k (10% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.8m against liabilities of $1.8m, net assets of $6.1m. It reported 53 employees.