Hamilton Flourishing

Analysis

Hamilton Flourishing is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hamilton Flourishing reported income of $229k and spending of $249k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $305k to $229k (-25%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hamilton Flourishing sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Victoria Isd Education Foundation Inc ($229k), New England Financial Marketing Association Inc ($229k) and Economic Collaborative of Northern Arizona Inc ($228k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $106k (43% of expenses). Other salaries and wages came to $4,383. At year end it held assets of $3,267 against liabilities of $929, net assets of $2,338. It reported 4 employees.