Greensboro Chamber Foundation

Analysis

Greensboro Chamber Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1972, 54 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, Greensboro Chamber Foundation reported income of $109k and spending of $124k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $109k (-7.0%), an average of -7.0% a year. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greensboro Chamber Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($109k), West Raleigh Alliance Inc ($109k) and Fresh Start SC ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $345k against liabilities of $956, net assets of $344k.