Howell Area Chamber of Commerce Foundation

Analysis

Howell Area Chamber of Commerce Foundation is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in January 1995, 31 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, Howell Area Chamber of Commerce Foundation reported income of $95k and spending of $85k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $95k (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Howell Area Chamber of Commerce Foundation 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 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include 4ward Miami Inc ($95k), Rye Middle School Parents Organization ($95k) and Mosdos Lelov Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 61% of the total. At year end it held assets of $337k against liabilities of $26k, net assets of $311k.