The Chamber Foundation Inc

Analysis

The Chamber Foundation Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Chamber Foundation Inc reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $846k to $1.4m (+64%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 311%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Chamber Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Downtown Bellingham Association ($1.4m), Salt Lake City Rotary Foundation ($1.4m) and Dakota Business Finance ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 41% of the total. Other salaries and wages came to $654k. At year end it held assets of $1.3m against liabilities of $136k, net assets of $1.1m. It reported 20 employees.