Huntsville-Madison County Chamber of Commerce Foundation

Analysis

Huntsville-Madison County Chamber of Commerce Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in September 1986, 40 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, Huntsville-Madison County Chamber of Commerce Foundation reported income of $313k and spending of $299k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $482k to $313k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 581%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huntsville-Madison County Chamber of Commerce Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Oyster Bay Main Street Association ($313k), Tacoma Pierce County Chamber of Commerce Foundation ($313k) and Richmond Neighborhood Restoration Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $2.4m, net assets of $184k.