St Paul Chamber of Commerce Foundation Inc

Analysis

St Paul Chamber of Commerce Foundation Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, St Paul Chamber of Commerce Foundation Inc reported income of $285k and spending of $396k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $285k (-75%), an average of -29% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Paul Chamber of Commerce Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Styx River Volunteer Fire Department Inc ($285k), Bagley Youth Hockey Association ($285k) and Friends of the Historical Museum at Fort Missoula ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 67% of the total. Other salaries and wages came to $167k. At year end it held assets of $182k against liabilities of $31k, net assets of $150k.

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.