Washington-Beaufort County Chamber of Commerce Community Foun

Analysis

Washington-Beaufort County Chamber of Commerce Community Foun is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in June 2015, 11 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 2023, Washington-Beaufort County Chamber of Commerce Community Foun reported income of $138k and spending of $97k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $138k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington-Beaufort County Chamber of Commerce Community Foun 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 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Junior League of Reno Inc ($138k), Passion for Community ($138k) and Plymouth Advancement Association Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.