Hunterdon County Chamber of Commerce Foundation

Analysis

Hunterdon County Chamber of Commerce Foundation is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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, Hunterdon County Chamber of Commerce Foundation reported income of $496k and spending of $270k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $496k (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 272%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hunterdon County Chamber of Commerce Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Stepping Stones Ministry Inc ($496k), Artesia Mainstreet Inc ($496k) and Global Mentorship Initiative ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.7% of the total. At year end it held assets of $1.6m against liabilities of $973k, net assets of $634k.