Greater Grand Rapids Chamber Foundation

Analysis

Greater Grand Rapids Chamber Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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, Greater Grand Rapids Chamber Foundation reported income of $810k and spending of $517k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $810k (+240%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 594%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Grand Rapids Chamber Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Scago Public Facilities Corporation for Georgetown County ($810k), Virginia Tribal Education Consortium ($810k) and Kiwanis Cal-Nev-Ha Foundation ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $88k. At year end it held assets of $3.6m against liabilities of $2.6m, net assets of $939k.