Gatlinburg Chamber of Commerce Foundation

Analysis

Gatlinburg Chamber of Commerce Foundation is a registered charity in United States, based in Gatlinburg, TN. It received its IRS tax-exemption ruling in November 1991, 35 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 2023, Gatlinburg Chamber of Commerce Foundation reported income of $127k and spending of $51k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $127k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gatlinburg Chamber of Commerce Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Friends of the Library Association ($127k), Mission Partners for Christ ($127k) and National Network of Nonprofit Search Consultants ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 6.1% of the total. At year end it held assets of $192k against liabilities of $7,629, net assets of $184k.