Cotter Area Chamber of Commerce Inc

Analysis

Cotter Area Chamber of Commerce Inc is a registered charity in United States, based in Cotter, AR. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, Cotter Area Chamber of Commerce Inc reported income of $54k and spending of $43k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $219k to $54k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cotter Area Chamber of Commerce Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within AR. Charities of a similar size with the same main cause include Make a Smile Happen Inc ($54k), Ignite a Better World Foundation ($54k) and Fyera Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.