Mobile Area Chamber of Commerce Foundation Inc

Analysis

Mobile Area Chamber of Commerce Foundation Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 1978, 48 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 2022, Mobile Area Chamber of Commerce Foundation Inc reported income of $2.9m and spending of $2.4m, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $3.5m to $2.9m (-17%), an average of -9.0% a year. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mobile Area Chamber of Commerce Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Brite Energy Innovators ($2.9m), Scotland County Economic Development Corporation ($2.9m) and Shaping Our Appalachian Region Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $11.0m against liabilities of $1.2m, net assets of $9.8m.