Claiborne County Chamber and Ecd Foundation Inc

Analysis

Claiborne County Chamber and Ecd Foundation Inc is a registered charity in United States, based in Tazewell, TN. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, Claiborne County Chamber and Ecd Foundation Inc reported income of $764k and spending of $18k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $764k (+463%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 504%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Claiborne County Chamber and Ecd Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Public Works ($764k), Plumbers Local 210 Joint Apprentice & Journeyman Upgd Training TR Fund ($764k) and Alaska Business Development Center Inc ($763k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $926k against liabilities of $0, net assets of $926k.