Northern Virginia Black Chamber of Commerce Inc

Analysis

Northern Virginia Black Chamber of Commerce Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in June 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northern Virginia Black Chamber of Commerce Inc reported income of $132k and spending of $135k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $132k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Virginia Black Chamber of Commerce Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include All Are Able Inc ($132k), Neighbor to Neighbor Community Development Corp Inc ($132k) and Next Life Foundation ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.