US Chamber of Commerce Foundation
US Chamber of Commerce Foundation reported $42.3 million in revenue and $44.4 million in expenses for calendar year 2024. Of every $100 it spent, $87.73 went to program services, $7.27 to management and general costs and $5.00 to fundraising. Its largest source of revenue was contributions and grants: 83.5% of the total. The highest compensation it reported for one person was $8,391,682 (Director, CEO). 34 people received more than $100,000 in reportable compensation. Revenue rose 45% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $44MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $42MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 83.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 4.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $8,391,682 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 18.88% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 34 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHiring Our Heroes (HOH) - HOH is a nationwide effort to help veterans, transitioning service members, and military spouses find meaningful employment, including through educational efforts
Disaster Response and Resiliency - the resilience portfolio supports community building and disaster preparedness by providing direct grants to small businesses affected by disaster and delivering education and training to communities so employers can be more resilient in the future
Workforce - our workforce programming aims to build better pathways to quality careers by bridging crucial communication gaps between business and education and harnessing new technologies to support the people and enhancing their skills through education
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Director, CEO Director/trustee, officer, 3.00 hrs/week | $0 | $7,836,579 | $555,103 | $8,391,682 |
| COO Officer, 2.00 hrs/week | $0 | $1,920,238 | $149,880 | $2,070,118 |
| General Counsel/ Secretary Officer, 2.00 hrs/week | $0 | $994,831 | $56,299 | $1,051,130 |
| CFO Officer, 2.00 hrs/week | $0 | $585,251 | $111,728 | $696,979 |
| President Officer, 34.00 hrs/week | $363,098 | $272,575 | $59,238 | $694,911 |
| Pres, HOH Key employee, 40.00 hrs/week | $329,976 | $220,000 | $37,749 | $587,725 |
| President Officer, 38.00 hrs/week | $373,774 | $78,000 | $71,127 | $522,901 |
| CFO Former, 0.00 hrs/week | $0 | $409,173 | $13,947 | $423,120 |
34 people received more than $100,000 in reportable compensation from US Chamber of Commerce Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 574
- Volunteers Part I, line 6136
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| The Markham Group LLC Program execution | $8,053,589 |
| JCLE Design LLC Graphic design services | $166,772 |
| The Cicero Group LP Survey/research report creation | $161,552 |
| Metabolic Group LLC Program analysis and reporting | $146,702 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to US Chamber of Commerce Foundation totaling $14M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from US Chamber of Commerce Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for US Chamber of Commerce Foundation, you can publish a response that is linked from this page.
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Of every $100 US Chamber of Commerce Foundation spent in 2024, $87.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Clarke University of Dubuque IowaDubuque, IA · revenue $42M · programs 87.9% · FY2025
- Academy in ManayunkConshohocken, PA · revenue $42M · programs 82.5% · FY2025
- America CanDallas, TX · revenue $42M · programs 94.2% · FY2025
- Palo Alto UniversityPalo Alto, CA · revenue $42M · programs 75.1% · FY2025
- Intrinsic SchoolsChicago, IL · revenue $42M · programs 90.3% · FY2025
All education charities · Largest charities in District of Columbia
Questions people ask
How much of US Chamber of Commerce Foundation's spending goes to programs?
In calendar year 2024, US Chamber of Commerce Foundation reported that 87.7% of its $44.4 million in expenses went to program services, 7.3% to management and general and 5.0% to fundraising (Form 990, Part IX).
How much does US Chamber of Commerce Foundation pay its top executive?
The largest total compensation US Chamber of Commerce Foundation reported for one person in calendar year 2024 was $8,391,682, for the role of Director, CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does US Chamber of Commerce Foundation get its money?
Of $42.3 million in revenue in calendar year 2024, 83.5% came from contributions and grants and 4.7% from program service revenue (Form 990, Part VIII).
Is US Chamber of Commerce Foundation a registered charity?
The IRS lists EIN 46-1561597 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503179349303180 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433189349304468 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349309423 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243159349302579 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133139349303393 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003169349303215 · read the filing
All filings for EIN 46-1561597: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.