Beaufort County Black Chamber of

Analysis

Beaufort County Black Chamber of is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2022, Beaufort County Black Chamber of reported income of $558k and spending of $602k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $556k to $558k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beaufort County Black Chamber of sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Helen Schuyler TR Uw Bo Community Foundation ($558k), Town Hall of Tulsa Corp ($558k) and Excelsior Action Group ($557k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $107k (18% of expenses). At year end it held assets of $4.4m against liabilities of $3.5m, net assets of $898k.