Salem Area Chamber of Commerce

Analysis

Salem Area Chamber of Commerce is a registered charity in United States, based in Salem, MO. It received its IRS tax-exemption ruling in September 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Area Chamber of Commerce reported income of $167k and spending of $146k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $167k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salem Area Chamber of Commerce sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Flint Public Art Project ($167k), Fredericksburg Rotary Club Foundation Inc ($167k) and Junior Chefs of America Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 35% of the total. At year end it held assets of $114k against liabilities of $3,284, net assets of $111k.