Boone Area Chamber of Commerce Economic Development Commission in

Analysis

Boone Area Chamber of Commerce Economic Development Commission in is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Boone Area Chamber of Commerce Economic Development Commission in reported income of $197k and spending of $173k, spending 88% of its income. Across the 2 years on record, from June 2023 to December 2024, income grew from $50k to $197k (+294%), an average of +294% a year. The sharpest change came in the year to December 2024, when income rose by 294%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boone Area Chamber of Commerce Economic Development Commission in sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Harrison County Tourism Council Inc ($197k), Foundation of the 1st Cavalry Division Association ($197k) and The Garden Club of Norfolk ($197k).

On its Form 990-EZ for the period ending December 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.