Eastern Shore of Virginia Chamber of Commerce Foundation

Analysis

Eastern Shore of Virginia Chamber of Commerce Foundation is a registered charity in United States, based in Melfa, VA. It received its IRS tax-exemption ruling in April 2012, 14 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, Eastern Shore of Virginia Chamber of Commerce Foundation reported income of $59k and spending of $58k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $59k (+10%), an average of +10% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern Shore of Virginia Chamber of Commerce Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Friends of the Latimore Tourist Home Inc ($59k), Historic North Charlotte Neighborhood Assoc Inc ($59k) and Helpers ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.