Flint and Genesee Chamber Foundation

Analysis

Flint and Genesee Chamber Foundation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in January 1976, 50 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, Flint and Genesee Chamber Foundation reported income of $3.5m and spending of $1.9m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $888k to $3.5m (+298%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 1094%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flint and Genesee Chamber Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include The Tony Robbins Foundation ($3.5m), Dove Inc ($3.5m) and Freeport Bible Center Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. At year end it held assets of $3.4m against liabilities of $303k, net assets of $3.1m.