Noir Black Chamber of Commerce Inc

Analysis

Noir Black Chamber of Commerce Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2019, 7 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, Noir Black Chamber of Commerce Inc reported income of $117k and spending of $221k, spending 189% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $117k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 144% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Noir Black Chamber of Commerce Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include Plymouth Rotary Foundation Inc ($117k), Triple Cities Makerspace Inc ($117k) and Phoenix Rehabilitation Consulting Services Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $47k against liabilities of $227k, net assets of -$180k.