Montgomery Area Chamber of Commerce Foundation Inc

Analysis

Montgomery Area Chamber of Commerce Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in February 1984, 42 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, Montgomery Area Chamber of Commerce Foundation Inc reported income of $406k and spending of $313k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $406k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 265%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montgomery Area Chamber of Commerce Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Craft3 Future Energy Fund ($405k), Coastal Police Chaplaincy ($406k) and Ironworkers Joint Apprentice Fund ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 21% of the total. At year end it held assets of $2.5m against liabilities of $6,713, net assets of $2.5m.