Chambers-Mccain Foundation

Analysis

Chambers-Mccain Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2018, 8 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 (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, Chambers-Mccain Foundation reported income of $56k and spending of $36k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $56k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chambers-Mccain Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Southern Magnolia Charities ($56k), Little League Baseball Inc ($56k) and Houston Electrical League Scholarship Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.