California Black Chamber of Commerce Foundation Inc

Analysis

California Black Chamber of Commerce Foundation Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, California Black Chamber of Commerce Foundation Inc reported income of $525k and spending of $472k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $562k to $525k (-6.7%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Black Chamber of Commerce Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Cottage Nursery School ($525k), P R I D E Booster Club Inc Paul Revere Middle School ($525k) and Orot ($525k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (2.3% of expenses). At year end it held assets of $258k against liabilities of $149k, net assets of $108k.