Raytown Chamber of Commerce Building Foundation

Analysis

Raytown Chamber of Commerce Building Foundation is a registered charity in United States, based in Raytown, MO. It received its IRS tax-exemption ruling in June 1994, 32 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 December 2023, Raytown Chamber of Commerce Building Foundation reported income of $220k and spending of $24k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $220k (+422%), an average of +422% a year. The sharpest change came in the year to December 2023, when income rose by 422%. Over the whole period it spent 20% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Raytown Chamber of Commerce Building Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Franchise for Good Inc ($220k), Cusavers Inc ($220k) and SCC Community Improvement Corporation ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.