Greater Wilmington Chamber Foundation

Analysis

Greater Wilmington Chamber Foundation is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 1973, 53 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 2022, Greater Wilmington Chamber Foundation reported income of $312k and spending of $195k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $135k to $312k (+131%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Wilmington Chamber Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Mainstreet Winter Haven Inc ($312k), Vision Together 2025 Inc ($313k) and Treasures Markets Properties ($312k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 20% and program service revenue 47% of the total. At year end it held assets of $651k against liabilities of $66k, net assets of $585k.