Albany Chamber Foundation Inc

Analysis

Albany Chamber Foundation Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in April 1989, 37 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, Albany Chamber Foundation Inc reported income of $51k and spending of $120k, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $51k (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income rose by 422%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albany Chamber Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within GA. Charities of a similar size with the same main cause include PTA Florida Congress ($51k), Little League Baseball Inc ($51k) and Reading Hot Stovers Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 44% of the total. At year end it held assets of $529k against liabilities of $47k, net assets of $482k.