Big Spring Area Chamber of Commerce Charitable Trust 1

Analysis

Big Spring Area Chamber of Commerce Charitable Trust 1 is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Big Spring Area Chamber of Commerce Charitable Trust 1 reported income of $247k and spending of $86k, leaving 65% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $89k to $247k (+178%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 1526%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Spring Area Chamber of Commerce Charitable Trust 1 sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include New Horizons School ($247k), Momentum Network ($247k) and The Claude Pepper Foundation Inc ($247k).

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 $500k against liabilities of $0, net assets of $500k.