Lewiston Auburn Metropolitan Chamber of Commerce Foundation

Analysis

Lewiston Auburn Metropolitan Chamber of Commerce Foundation is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lewiston Auburn Metropolitan Chamber of Commerce Foundation reported income of $1.9m and spending of $611k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $247k to $1.9m (+667%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 437%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lewiston Auburn Metropolitan Chamber of Commerce Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include LA Maestra Foundation Inc ($1.9m), American Agape Foundation Inc ($1.9m) and Hope Renovations ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $256k. At year end it held assets of $1.8m against liabilities of $58, net assets of $1.8m.