Thurston County Chamber Foundation

Analysis

Thurston County Chamber Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, Thurston County Chamber Foundation reported income of $545k and spending of $468k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $554k to $545k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thurston County Chamber Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include N-Abletek Inc ($545k), Ogdensburg Public Library Inc ($545k) and Knights of Columbus Charties of Georgia Inc ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 75% of the total. At year end it held assets of $1.6m against liabilities of $868k, net assets of $760k.