Grosse Pointe Chamber Foundation

Analysis

Grosse Pointe Chamber Foundation is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in November 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grosse Pointe Chamber Foundation reported income of $211k and spending of $244k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $211k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 784%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grosse Pointe Chamber Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Rotary/One Foundation Inc ($211k), Fairouzah American Association ($211k) and Black Business Association of Los Angeles ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $429k against liabilities of $16k, net assets of $412k.