Middletown Area Chamber of Commerce Foundation

Analysis

Middletown Area Chamber of Commerce Foundation is a registered charity in United States, based in Middletown, DE. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Middletown Area Chamber of Commerce Foundation reported income of $100k and spending of $102k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $121k to $100k (-17%), an average of -6.1% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middletown Area Chamber of Commerce Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within DE. Charities of a similar size with the same main cause include Kenmore East Music Boosters ($100k), Friends of the Baldwin School Inc ($100k) and Intercollegiate Press Association of Texas ($100k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.