Clermont County Chamber of Commerce Foundation

Analysis

Clermont County Chamber of Commerce Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Clermont County Chamber of Commerce Foundation reported income of $166k and spending of $118k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $253k to $166k (-34%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 646%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clermont County Chamber of Commerce Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Pennies in Action Foundation ($166k), United Way of Jay County Inc ($166k) and Lesta Hoel Memorial Trust Fund ($166k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 53% of the total. Other salaries and wages came to $36k. At year end it held assets of $134k against liabilities of $2,455, net assets of $132k.