Chamber Foundation

Analysis

Chamber Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 2018, 8 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 August 2023, Chamber Foundation reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $351k to $1.4m (+309%), an average of +102% a year. The sharpest change came in the year to August 2023, when income rose by 166%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chamber Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ND. Charities of a similar size with the same main cause include Tamarlane Industries ($1.4m), Freedom Community Center ($1.4m) and Southwest Louisiana Alliance Foundation Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $639k against liabilities of $82k, net assets of $557k.