Cincinnati USA Regional Chamber Foundation

Analysis

Cincinnati USA Regional Chamber Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1971, 55 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 (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, Cincinnati USA Regional Chamber Foundation reported income of $6.8m and spending of $6.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.8m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cincinnati USA Regional 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 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Brightbridge Inc ($6.8m), Trinity Alliance of the Capital Region Inc ($6.8m) and Hire360 ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.6% of the total. At year end it held assets of $5.6m against liabilities of $1.2m, net assets of $4.4m.