Kirkland Chamber Foundation

Analysis

Kirkland Chamber Foundation is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in May 2020, 6 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 2022, Kirkland Chamber Foundation reported income of $62k and spending of $56k, spending 89% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $251k to $62k (-75%), an average of -50% a year. The sharpest change came in the year to December 2021, when income dropped by 86%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kirkland Chamber Foundation 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 19th percentile within WA. Charities of a similar size with the same main cause include Rotary Club of Bronxville Foundation ($62k), Drive for a Cure Inc ($62k) and Father Robert E Burke Memorial Trust Fund ($62k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.