Johnson City Jonesborough Washington Co Chamber Foundation

Analysis

Johnson City Jonesborough Washington Co Chamber Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Johnson City Jonesborough Washington Co Chamber Foundation reported income of $243k and spending of $319k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $595k to $243k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Johnson City Jonesborough Washington Co Chamber Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Oasis Foundation for Education and Therapeutic Services ($243k), M Family Foundation Inc ($243k) and Stand Together Foundation Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 14% of the total. At year end it held assets of $1.9m against liabilities of $627k, net assets of $1.3m.