Jacksonville Chamber Foundation Inc

Analysis

Jacksonville Chamber Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jacksonville Chamber Foundation Inc reported income of $858k and spending of $790k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $370k to $858k (+132%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jacksonville Chamber Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include National Association of Minority Contractors Inc ($857k), World Changers Student Missions ($858k) and Beaumont Products and Services Inc ($856k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. At year end it held assets of $354k against liabilities of $306k, net assets of $48k.