California Hispanic Chambers of Commerce Foundation

Analysis

California Hispanic Chambers of Commerce Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, California Hispanic Chambers of Commerce Foundation reported income of $651k and spending of $925k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $568k to $651k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Hispanic Chambers of Commerce Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Greater Torrington Family Development Center Inc ($651k), Osher Lifelong Learning Institute at Uva ($651k) and Suffolk County Chapter of the New York State School Facilities Assoc ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $297k. At year end it held assets of $344k against liabilities of $439k, net assets of -$95k.