Calhoun County Chamber of Commerce Foundation Inc

Analysis

Calhoun County Chamber of Commerce Foundation Inc is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in August 1985, 41 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, Calhoun County Chamber of Commerce Foundation Inc reported income of $347k and spending of $385k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $387k to $347k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calhoun County Chamber of Commerce Foundation Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Arc Housing Inc ($347k), Adventhealth Riverview Inc ($347k) and Palmetto Front Line Foundation ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $263k against liabilities of $178k, net assets of $85k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.