ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC
Mission Statement
The Arlington Chamber of Commerce Foundation Inc. and its subsidiaries serve as catalysts for technology based economic development, supporting a strategic approach to the formation of collaborative partnerships, facilitating and enabling the integration of industry, academic, and government research and discovery with venture capital and talent and know how. The Foundation is focused on the commercialization of technology-based research outcomes from universities, industries and U.S. federal labs, leading to the evolutionary development of integrated industry clusters. Our vision is to be a global leader in the Innovation Economy, creating access to world class technology discoveries, venture capital, and talent and know how. Our corporate culture is to be strategic in planning, proactive in execution, member-and community-driven in direction, and regional and global in our thinking; working in partnership with both public and private sector stakeholders on local, regional, national, and global levels. Our mission is to be a leader in the application of technology, research and funding to support U.S. economic sustainability. We believe economic progress is best achieved by working in partnership with local, state, federal and global organizations such as municipalities, independent school districts, community college districts, universities, and economic development entities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 81.7% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 10.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.0 mo | 23.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.8% | 98.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-14.4% | -1.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
20.2% | -1.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-127.0% | 11.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $20K | $46K | $60K | 100.0% | 0 |
| 2023 | $23K | $38K | $86K | 100.0% | 0 |
| 2022 | $56K | $52K | $100K | 97.5% | 0 |
| 2021 | $43K | $44K | N/A | — | 0 |
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