Greater Washington DC Black Chambers

Analysis

Greater Washington DC Black Chambers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2021, 5 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 (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, Greater Washington DC Black Chambers reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $58k to $1.3m (+2127%), an average of +2126% a year. The sharpest change came in the year to December 2023, when income rose by 2127%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Washington DC Black Chambers sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include Excelsior Local Development Corporation ($1.3m), Georgia Sheet Metal Joint Apprenticeship Committee ($1.3m) and Sandy Community Action Council Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $224k (18% of expenses). Other salaries and wages came to $53k. At year end it held assets of $164k against liabilities of $7,900, net assets of $156k. It reported 5 employees.