Chartion Chamber & Development Charitable Foundation

Analysis

Chartion Chamber & Development Charitable Foundation is a registered charity in United States, based in Chariton, IA. It received its IRS tax-exemption ruling in December 1995, 31 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 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 June 2024, Chartion Chamber & Development Charitable Foundation reported income of $215k and spending of $246k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $199k to $215k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chartion Chamber & Development Charitable Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include National Association of Neighborhoods ($215k), Geneseo Park District Foundation NFP ($215k) and Allen a M E Neighborhood Preservation and Development Corp ($215k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 16% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.9m against liabilities of $27k, net assets of $1.9m. It reported 4 employees.