Des Plaines Chamber of Commerce & Industry Foundation

Analysis

Des Plaines Chamber of Commerce & Industry Foundation is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in May 1994, 32 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, Des Plaines Chamber of Commerce & Industry Foundation reported income of $72k and spending of $55k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,203 to $72k (+1278%), an average of +1278% a year. The sharpest change came in the year to December 2023, when income rose by 1278%. Over the whole period it spent 206% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Plaines Chamber of Commerce & Industry Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Pen America Los Angeles ($72k), Wayne County Volunteers for Youth Inc ($72k) and New Jersey Association of Realtors-Education Foundation ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 176% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.