Gilbert Chamber of Commerce Foundation Inc

Analysis

Gilbert Chamber of Commerce Foundation Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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 June 2023, Gilbert Chamber of Commerce Foundation Inc reported income of $197k and spending of $185k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $123k to $197k (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gilbert Chamber of Commerce Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within AZ. Charities of a similar size with the same main cause include Garden Neighborhood Charities Inc ($197k), Julias Grace Foundation ($197k) and Chiefs Ambassadors Charitable Foundation ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $38k against liabilities of $25k, net assets of $13k.