Pensacola Area Chamber Foundation Inc

Analysis

Pensacola Area Chamber Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in November 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pensacola Area Chamber Foundation Inc reported income of $139k and spending of $286k, spending 205% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $245k to $139k (-43%), an average of -13% a year. The sharpest change came in the year to September 2023, when income dropped by 51%. Over the whole period it spent 138% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pensacola Area Chamber Foundation Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Newton County Tomorrow Inc ($139k), JDS Opportunity Inc ($139k) and Gardiner Main Street ($139k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $433k against liabilities of $200k, net assets of $233k.