Salinas Valley Chamber of Commerce Foundation

Analysis

Salinas Valley Chamber of Commerce Foundation is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in August 1985, 41 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 2023, Salinas Valley Chamber of Commerce Foundation reported income of $70k and spending of $93k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $70k (+21%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salinas Valley Chamber of Commerce Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Sunset Ranch Elementary Parent Teacher Club ($70k), Learning2 ($70k) and Metro East Conference ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $3,196, net assets of $44k.