Glenwood Springs Chamber Foundation

Analysis

Glenwood Springs Chamber Foundation is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glenwood Springs Chamber Foundation reported income of $224k and spending of $185k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $485k to $224k (-54%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 526%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Glenwood Springs Chamber Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Bourbon County Redi Inc ($224k), Forward Training Center of Hood County ($224k) and Foundation for a Sustainable Community Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. At year end it held assets of $54k against liabilities of $2,761, net assets of $52k.