Chamber Foundation

Analysis

Chamber Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 2000, 26 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, Chamber Foundation reported income of $455k and spending of $529k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $455k (+254%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chamber Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Northeast Neighborhood Revitalization Organizations Inc ($455k), Fort Madison Sirrc Corporation ($456k) and Sandpoint Resource Center Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 19% of the total. Other salaries and wages came to $359k. At year end it held assets of $588k against liabilities of $800k, net assets of -$212k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.