Rockport-Fulton Chamber Foundation

Analysis

Rockport-Fulton Chamber Foundation is a registered charity in United States, based in Rockport, TX. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Rockport-Fulton Chamber Foundation reported income of $51k and spending of $74k, spending 146% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $67k to $51k (-24%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockport-Fulton Chamber Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Westchester Choral Society Inc ($51k), We Do It Together ($51k) and Warriors at 45 North ($51k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% of the total. At year end it held assets of $123k against liabilities of $45k, net assets of $78k.