Frostproof Chamber Foundation Inc

Analysis

Frostproof Chamber Foundation Inc is a registered charity in United States, based in Frostproof, FL. It received its IRS tax-exemption ruling in January 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frostproof Chamber Foundation Inc reported income of $127k and spending of $84k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $127k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Frostproof Chamber Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Junior League of Yakima ($127k), Genesis Group Vision to Reality Inc ($127k) and Alpha Beta Lambda Chapter Education Foundation Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $13k. At year end it held assets of $540k against liabilities of $35k, net assets of $506k. It reported 1 employees.