High Point Chamber Foundation Inc

Analysis

High Point Chamber Foundation Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in November 2004, 22 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 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 2022, High Point Chamber Foundation Inc reported income of $2.9m and spending of $2.7m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $2.9m (+133%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 309%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, High Point Chamber Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Lifespan Local Inc ($2.9m), Clara Lionel Foundation ($2.9m) and Marmot Library Network Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $396k. At year end it held assets of $10.1m against liabilities of $3.6m, net assets of $6.5m.