Lenawee Chamber Foundation

Analysis

Lenawee Chamber Foundation is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lenawee Chamber Foundation reported income of $168k and spending of $181k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $168k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lenawee Chamber Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Gottlieb Charitable TR ($168k), Picor Charitable Foundation ($168k) and Palos Verdes Peninsula Rotary Foundation Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $100. At year end it held assets of $24k against liabilities of $0, net assets of $24k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.