Rock Hill Area Chamber of Commerce Foundation

Analysis

Rock Hill Area Chamber of Commerce Foundation is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Rock Hill Area Chamber of Commerce Foundation reported income of $113k and spending of $67k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $113k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 74783%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rock Hill Area Chamber of Commerce Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Sanderson Music Boosters ($113k), Owasso Rams Track & Cross Country Booster Club Inc ($113k) and Hope Fire Company ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $1,675, net assets of $116k.