Greater Lowell Chamber Foundation

Analysis

Greater Lowell Chamber Foundation is a registered charity in United States, based in Lowell, MI. It received its IRS tax-exemption ruling in July 2002, 24 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 2022, Greater Lowell Chamber Foundation reported income of $214k and spending of $316k, spending 148% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $322k to $214k (-34%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Lowell 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 55th percentile within MI. Charities of a similar size with the same main cause include Job Seekers Network ($214k), Association for the Mentally and Physically Disabled ($214k) and Boonslick Community Development Corporation ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 2.3% of the total. At year end it held assets of $225k against liabilities of $1,883, net assets of $223k.