Charlotte Mecklenburg Black Chamber of Commerce Inc

Analysis

Charlotte Mecklenburg Black Chamber of Commerce Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Charlotte Mecklenburg Black Chamber of Commerce Inc reported income of $489k and spending of $487k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $459k to $489k (+6.6%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charlotte Mecklenburg Black Chamber of Commerce Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Rappahannock Community Services Inc ($489k), Isaiahs Response 6 8 ($489k) and Budget and Fin MGMT Asst ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.