Port Aransas Chamber of Commerce Foundation

Analysis

Port Aransas Chamber of Commerce Foundation is a registered charity in United States, based in Port Aransas, TX. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Port Aransas Chamber of Commerce Foundation reported income of $59k and spending of $53k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $573k to $59k (-90%), an average of -43% a year. The sharpest change came in the year to December 2023, when income rose by 359%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port Aransas Chamber of Commerce Foundation sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include String of Pearls ($59k), Baroody Pastoral Counseling ($59k) and Elkhorn Food Pantry Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $423k against liabilities of $9,270, net assets of $413k.