Quad County African American Chamber of Commerce

Analysis

Quad County African American Chamber of Commerce is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Quad County African American Chamber of Commerce reported income of $107k and spending of $90k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $72k to $107k (+47%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quad County African American Chamber of Commerce sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include Keheley Elementary School Foundation Inc ($107k), San Diego Rhythmic Gymnastics Academy ($107k) and Building the Cure Foundation Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $9,000. At year end it held assets of $76k against liabilities of $3,991, net assets of $72k. It reported 1 employees.