The Foundation of the Dyersburg Dyer County Chamber of Commerce

Analysis

The Foundation of the Dyersburg Dyer County Chamber of Commerce is a registered charity in United States, based in Dyersburg, TN. It received its IRS tax-exemption ruling in September 1998, 28 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, The Foundation of the Dyersburg Dyer County Chamber of Commerce reported income of $232k and spending of $439k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $232k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 127% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Foundation of the Dyersburg Dyer County Chamber of Commerce sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Heart of Texas Economic Development District Inc ($231k), City Tech Collaborative ($232k) and Yah-Yah Girls Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $91k. At year end it held assets of $1.3m against liabilities of $283k, net assets of $999k.

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.