Opelika Chamber Foundation

Analysis

Opelika Chamber Foundation is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in February 2015, 11 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, Opelika Chamber Foundation reported income of $832k and spending of $84k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $537k to $832k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opelika Chamber Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Cleveland Citywide Development Corporation ($830k), Buffalo & Erie County Regional Development Corp ($832k) and Humanity Alliance ($830k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $1.0m against liabilities of $18k, net assets of $1.0m.