Greater Boca Raton Chamber of Commerce Education Foundation Inc

Analysis

Greater Boca Raton Chamber of Commerce Education Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Greater Boca Raton Chamber of Commerce Education Foundation Inc reported income of $160k and spending of $179k, spending 112% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $199k to $160k (-20%), an average of -5.4% a year. The sharpest change came in the year to October 2020, when income dropped by 45%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Boca Raton Chamber of Commerce Education Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Midwest Parent Educators Inc ($159k), Ranger Athletic Boosters ($160k) and Dalat University Alumni Charitable TR ($159k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $378k against liabilities of $0, net assets of $378k.

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.