Asian American Chamber of Commerce of Greater Philadelphia Foundation

Analysis

Asian American Chamber of Commerce of Greater Philadelphia Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2013, 13 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, Asian American Chamber of Commerce of Greater Philadelphia Foundation reported income of $286k and spending of $295k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $281k to $286k (+1.7%), an average of +0.8% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian American Chamber of Commerce of Greater Philadelphia Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Fuerza Unida ($286k), Lutheran Service Society of New York ($286k) and Credit Union Womens Leadership Alliance Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $161k. At year end it held assets of $287k against liabilities of $1,773, net assets of $285k. It reported 3 employees.