Camber Foundation

Analysis

Camber Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Camber Foundation reported income of $6.3m and spending of $5.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $45.0m to $6.3m (-86%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 86%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Camber Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include The Foundation for Enhancing Communities ($6.3m), University District Service League ($6.3m) and Chicago White Sox Charities Inc ($6.3m).

Compensation of current officers, directors and key employees was $224k (4.3% of expenses). Other salaries and wages came to $241k. At year end it held assets of $144.8m against liabilities of $925k, net assets of $143.9m. It reported 3 employees.