US Chamber of Commerce Foundation

Analysis

US Chamber of Commerce Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2013, 13 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 December 2023, US Chamber of Commerce Foundation reported income of $37.8m and spending of $37.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.2m to $37.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, US Chamber of Commerce Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Orange County Head Start ($37.8m), Wilmington College ($37.9m) and The Schools of McKeel Academy Inc ($37.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $1.6m (4.2% of expenses). Other salaries and wages came to $6.4m. It paid $70k in professional fundraising fees. At year end it held assets of $61.1m against liabilities of $8.6m, net assets of $52.6m. It reported 67 employees.