Indy Black Chamber of Commerce Inc

Analysis

Indy Black Chamber of Commerce Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2015, 11 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, Indy Black Chamber of Commerce Inc reported income of $674k and spending of $615k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $243k to $674k (+177%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indy Black Chamber of Commerce Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Urban Rural Action ($673k), Downtown Partnership ($675k) and Appalachian Investors Alliance ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $230k. At year end it held assets of $862k against liabilities of $37k, net assets of $826k. It reported 9 employees.