Greater Hopkinsville Chamber Community Foundation Inc

Analysis

Greater Hopkinsville Chamber Community Foundation Inc is a registered charity in United States, based in Hopkinsville, KY. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2024, Greater Hopkinsville Chamber Community Foundation Inc reported income of $72k and spending of $77k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $218k to $72k (-67%), an average of -20% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Hopkinsville Chamber Community Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include West Seattle Tool Library ($72k), Downtown Perrysburg Inc ($72k) and Parkside Economic Development ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $344k against liabilities of $24k, net assets of $320k.

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.