Montgomery County Chamber Foundation Inc

Analysis

Montgomery County Chamber Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Montgomery County Chamber Foundation Inc reported income of $1.4m and spending of $1.5m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.4m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery County Chamber Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Harrison County Senior Citizens Center Inc ($1.4m), Peoples Fund ($1.4m) and Jefferson Park Ministries Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $304k (21% of expenses). Other salaries and wages came to $438k. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $168k.