Fresno Metro Black Chamber of Commerce

Analysis

Fresno Metro Black Chamber of Commerce is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in February 2014, 12 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 June 2023, Fresno Metro Black Chamber of Commerce reported income of $2.3m and spending of $2.9m, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $475k to $2.3m (+374%), an average of +68% a year. The sharpest change came in the year to June 2021, when income rose by 408%. 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, Fresno Metro Black Chamber of Commerce sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Native360 Loan Fund Inc ($2.3m), Live Work Maine Inc ($2.3m) and Capabilities Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $974k, net assets of $630k.