Williamsburg Area Chamber of Commerce Foundation

Analysis

Williamsburg Area Chamber of Commerce Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Williamsburg Area Chamber of Commerce Foundation reported income of $135k and spending of $181k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $130k to $135k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 149%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Williamsburg Area Chamber of Commerce Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include American Friends of Shaalei Torah Inc ($135k), A Love for Missions Abroad Inc ($135k) and Orange Park Womans Club Inc ($135k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 103% of the total. At year end it held assets of $1.1m against liabilities of $39k, net assets of $1.1m.