Joplin Area Chamber of Commerce Foundation

Analysis

Joplin Area Chamber of Commerce Foundation is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, Joplin Area Chamber of Commerce Foundation reported income of $855k and spending of $1.3m, spending 156% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $696k to $855k (+23%), an average of +5.3% a year. The sharpest change came in the year to March 2020, when income rose by 41%. Over the whole period it spent 151% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joplin Area Chamber of Commerce Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include Recovery Court of Sumner County Inc ($855k), The Latino Student Fund ($855k) and Faith Islamic Academy ($855k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 40% and program service revenue 53% of the total. Other salaries and wages came to $52k. At year end it held assets of $5.0m against liabilities of $81k, net assets of $4.9m.

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.