East Africa Chamber of Commerce Corp

Analysis

East Africa Chamber of Commerce Corp is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, East Africa Chamber of Commerce Corp reported income of $125k and spending of $141k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,000 to $125k (+2398%), an average of +2398% a year. The sharpest change came in the year to December 2023, when income rose by 2398%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Africa Chamber of Commerce Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Izaak Walton League of America Inc ($125k), Syracuse Friends of Chamber Music Inc ($125k) and Power of Worship Ministries ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.