Muskegon Area Chamber of Commerce Foundation

Analysis

Muskegon Area Chamber of Commerce Foundation is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Muskegon Area Chamber of Commerce Foundation reported income of $425k and spending of $436k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $425k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Muskegon Area Chamber of Commerce Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Gila Resources Information Project ($425k), Bahamas Marine Ecocentre ($425k) and Friends of the Welty Environmental Center Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $785k against liabilities of $391k, net assets of $393k.

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.