Brainerd Lakes Chamber Foundation

Analysis

Brainerd Lakes Chamber Foundation is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Brainerd Lakes Chamber Foundation reported income of $66k and spending of $152k, spending 230% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $356k to $66k (-81%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brainerd Lakes Chamber Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Willows High School Boosters ($66k), Hot Springs Area Cultural Alliance ($66k) and Leadership Fauquier ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $3,500, net assets of $101k.