Toledo Area Chamber Foundation

Analysis

Toledo Area Chamber Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 1981, 45 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Toledo Area Chamber Foundation reported income of $77k and spending of $87k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $77k (-63%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Toledo Area Chamber Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Sweet Zolas LLC ($77k), Desert Cancer Foundation of Arizona Inc ($77k) and Lions Club of San Antonio Charity Fund ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.