Greater L a African American Chamber of Commerce Education Fund

Analysis

Greater L a African American Chamber of Commerce Education Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2000, 26 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, Greater L a African American Chamber of Commerce Education Fund reported income of $145k and spending of $216k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $268k to $145k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater L a African American Chamber of Commerce Education Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Bucharest Christian Academy Foundation ($145k), Kings Christian Academy Inc ($145k) and Anchor Community ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% of the total. At year end it held assets of $370k against liabilities of $349k, net assets of $20k.