Ge Chamber Foundation

Analysis

Ge Chamber Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ge Chamber Foundation reported income of $286k and spending of $332k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $312k to $286k (-8.4%), an average of -8.4% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ge Chamber Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Mother Mary Raymond Scholarship Fund ($286k), Scotts Valley High School Falcon Club ($286k) and Yosemite-Wawona Elementary Charter School ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $196k. At year end it held assets of $303k against liabilities of $22k, net assets of $281k.