Castle Rock Chamber Foundation

Analysis

Castle Rock Chamber Foundation is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Castle Rock Chamber Foundation reported income of $98k and spending of $88k, spending 90% of its income. Across the 3 years on record, from February 2022 to December 2023, income fell from $250k to $98k (-61%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Castle Rock Chamber Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include California Latino Capitol Association Foundation ($98k), Lowden Retirement Housing Corporation ($98k) and Bad Axe Development Corp ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $205k against liabilities of $50k, net assets of $154k.