Abilene Chamber of Commerce Foundation

Analysis

Abilene Chamber of Commerce Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 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 September 2023, Abilene Chamber of Commerce Foundation reported income of $372k and spending of $396k, spending 106% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $437k to $372k (-15%), an average of -7.7% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Chamber of Commerce Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include West Pittston Library Association ($372k), Catamount Trail Association ($373k) and Lafayette Ballet Theatre ($372k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $510k against liabilities of $3,484, net assets of $507k.