Ohio Chamber of Commerce Research Foundation Inc

Analysis

Ohio Chamber of Commerce Research Foundation Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Chamber of Commerce Research Foundation Inc reported income of $616k and spending of $393k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $616k (+1846%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 2325%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ohio Chamber of Commerce Research Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Salinas City Center Improvement Association ($616k), Junior League of Lafayette Inc ($616k) and Jewish Community Relations Councilof Saint Louis ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $134k. At year end it held assets of $456k against liabilities of $33k, net assets of $423k.