Genoa Area Chamber of Commerce Foundation

Analysis

Genoa Area Chamber of Commerce Foundation is a registered charity in United States, based in Genoa, OH. It received its IRS tax-exemption ruling in January 2018, 8 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, Genoa Area Chamber of Commerce Foundation reported income of $92k and spending of $94k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $92k (+11%), an average of +10% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Genoa Area Chamber of Commerce Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Upper Fells Point Improvement Association Inc ($92k), North Fork Boosters ($92k) and Ethiopian Community Center in ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.