Chamber of Commerce Foundation Inc

Analysis

Chamber of Commerce Foundation Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in July 1994, 32 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, Chamber of Commerce Foundation Inc reported income of $795k and spending of $464k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $864k to $795k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chamber of Commerce Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Joint-County Opportunity Benefit Support Fund ($795k), Transylvania Partnership Inc ($795k) and Resident Association of Greater Englewood ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $8.1m against liabilities of $3.1m, net assets of $5.0m.