West Michigan Hispanic Chamber of Commerce Foundation

Analysis

West Michigan Hispanic Chamber of Commerce Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2017, 9 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, West Michigan Hispanic Chamber of Commerce Foundation reported income of $387k and spending of $533k, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $491k to $387k (-21%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Michigan Hispanic Chamber of Commerce Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Rema 4 US Inc ($387k), Inside Track Resources Inc ($388k) and Villages Community Development Corporation ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $491k against liabilities of $135k, net assets of $356k.