Chamber of Manitowoc County Foundation Inc

Analysis

Chamber of Manitowoc County Foundation Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Chamber of Manitowoc County Foundation Inc reported income of $98k and spending of $108k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $98k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chamber of Manitowoc County Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within WI. Charities of a similar size with the same main cause include Gerhardt Neighborhood Outreach Center Inc ($98k), Hickory Hill Community Redevelopment Corporation ($98k) and Hands for Life ($98k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 66% of the total. At year end it held assets of $579k against liabilities of $321k, net assets of $258k.