Harbor Springs Chamber Foundation

Analysis

Harbor Springs Chamber Foundation is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Harbor Springs Chamber Foundation reported income of $69k and spending of $89k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $69k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harbor Springs Chamber Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include I Am Here Ministries ($69k), Open Door to Heaven Outreach Ministry ($69k) and Agape Missionaries for Life ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $143k against liabilities of $264, net assets of $143k.