Association of Chamber of Commerce Executives Foundation

Analysis

Association of Chamber of Commerce Executives Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Association of Chamber of Commerce Executives Foundation reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.4m to $1.2m (-14%), an average of -3.7% a year. The sharpest change came in the year to March 2022, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of Chamber of Commerce Executives Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include St Thomas More Housing Inc ($1.2m), United Way of Alamance County Inc ($1.2m) and Shakespeare-San Francisco ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Other salaries and wages came to $416k. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $253k.