Bay Area Chamber Foundation Inc

Analysis

Bay Area Chamber Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2007, 19 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, Bay Area Chamber Foundation Inc reported income of $321k and spending of $226k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $521k to $321k (-39%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bay Area Chamber Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Diplomatic Security Foundation Incorporated ($321k), SSM Health at Home Foundation of Wisconsin Inc ($321k) and Center for Orthopaedic Trauma Advancement ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $153k against liabilities of $32k, net assets of $121k.