Greater Raleigh Chamber of Commerce Community Development Foundation

Analysis

Greater Raleigh Chamber of Commerce Community Development Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 September 2023, Greater Raleigh Chamber of Commerce Community Development Foundation reported income of $619k and spending of $605k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $184k to $619k (+237%), an average of +36% a year. The sharpest change came in the year to September 2021, when income rose by 99%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Raleigh Chamber of Commerce Community Development Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include The Palms Retirement Center Inc ($619k), Mid-Penninsula Hermanas Inc ($619k) and Grundy County Memorial Hospital Foundation ($619k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $814k against liabilities of $317k, net assets of $497k.