Asheboro Randolph Chamber of Commerce Foundation Inc

Analysis

Asheboro Randolph Chamber of Commerce Foundation Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Asheboro Randolph Chamber of Commerce Foundation Inc reported income of $59k and spending of $71k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $59k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asheboro Randolph Chamber of Commerce Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include American College of Physicians ($59k), Grand Rapids Sports Hall of Fame Ltd ($59k) and Soundwall Music Camps Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $135k against liabilities of $1,000, net assets of $134k.