Alleghany Highlands Chamber of Commerce

Analysis

Alleghany Highlands Chamber of Commerce is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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, Alleghany Highlands Chamber of Commerce reported income of $757k and spending of $762k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $757k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alleghany Highlands Chamber of Commerce sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Carle Auxiliary Inc ($757k), National Family Farm Coalition ($757k) and Caritas Center Inc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $167k. At year end it held assets of $399k against liabilities of $7,695, net assets of $391k. It reported 10 employees.