Gulf Breeze Area Chamber of Commerce Foundation Inc

Analysis

Gulf Breeze Area Chamber of Commerce Foundation Inc is a registered charity in United States, based in Gulf Breeze, FL. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gulf Breeze Area Chamber of Commerce Foundation Inc reported income of $62k and spending of $49k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $62k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gulf Breeze Area Chamber of Commerce Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Good Folks of York County Inc ($62k), Queen City Rotary Club Foundation ($62k) and National Christian Charitable Foundation Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.