Owatonna Area Chamber Foundation

Analysis

Owatonna Area Chamber Foundation is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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, Owatonna Area Chamber Foundation reported income of $374k and spending of $158k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $374k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owatonna Area Chamber Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Alameda Little Theatre Inc ($374k), Kauai Community Players ($374k) and El Paso Villa Maria Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $619k against liabilities of $0, net assets of $619k.