San Jose Chamber of Commerce Community Benefit Foundation

Analysis

San Jose Chamber of Commerce Community Benefit Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1995, 31 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 (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, San Jose Chamber of Commerce Community Benefit Foundation reported income of $306k and spending of $145k, leaving 53% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $726k to $306k (-58%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 181%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Jose Chamber of Commerce Community Benefit Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include McKeown Foundation ($306k), Giving Brands ($306k) and Kidney Cancer Research Alliance ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 65% of the total. At year end it held assets of $4.3m against liabilities of $157k, net assets of $4.1m.