Humboldt Chamber of Commerce

Analysis

Humboldt Chamber of Commerce is a registered charity in United States, based in Humboldt, TN. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Humboldt Chamber of Commerce reported income of $538k and spending of $529k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $335k to $538k (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Humboldt Chamber of Commerce sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Proarts Inc ($537k), Poe Baltimore Inc ($538k) and Mesa Refuge ($537k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $121k. At year end it held assets of $336k against liabilities of $434, net assets of $336k. It reported 3 employees.