Atlanta Black Chambers
EIN: 812810392 · Atlanta, GA · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $363K |
| Net Assets | $0 |
Is Atlanta Black Chambers Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Atlanta Black Chambers
Atlanta Black Chambers (EIN: 812810392) is a nonprofit organization based in Atlanta, GA, classified under NTEE code S41. The organization reported total revenue of $1.1M and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlanta Black Chambers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlanta Black Chambers is a mid-size nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 25.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $337K |
| Total Expenses | $363K |
| Surplus / Deficit | $-26,351 |
| Total Assets | $209K |
| Total Liabilities | $209K |
| Net Assets | $0 |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2023, Atlanta Black Chambers reported a deficit of $26K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Atlanta Black Chambers's revenue has grown at a compound annual growth rate (CAGR) of 25.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +63.4% | -11.2% |
| 2022 | +71.0% | +107.5% | +36.5% |
| 2021 | -2.8% | +38.1% | +52.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Atlanta Black Chambers has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlanta Black Chambers with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Atlanta Black Chambers
Is Atlanta Black Chambers a legitimate charity?
Atlanta Black Chambers (EIN: 812810392) is a registered tax-exempt nonprofit based in Georgia. It has 4 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: C.
How does Atlanta Black Chambers spend its money?
Atlanta Black Chambers reported $1.1M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Atlanta Black Chambers tax-deductible?
Atlanta Black Chambers is registered as a tax-exempt nonprofit (EIN: 812810392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Atlanta Black Chambers located?
Atlanta Black Chambers is headquartered in Atlanta, Georgia and files with the IRS under EIN 812810392. It is classified under NTEE code S41.
How many years of IRS 990 filings does Atlanta Black Chambers have?
Atlanta Black Chambers has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Atlanta Black Chambers showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Atlanta Black Chambers's revenue has grown by 96.3%, moving from $171K to $337K. Total assets increased by 85.4% over the same period, from $113K to $209K. Total functional expenses rose by 368.5%, from $77K to $363K. In its most recent filing year (2023), Atlanta Black Chambers reported a deficit of $26K, with expenses exceeding revenue. The organization holds $209K in liabilities against $209K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $337K | $363K | $209K | $209K | — | — |
| 2022 | $285K | $222K | $236K | $236K | — | — |
| 2021 | $167K | $107K | $173K | $0 | — | View 990 |
| 2020 | $171K | $77K | $113K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $337K, expenses of $363K, and assets of $209K (revenue +18.0% year-over-year).
- 2022: Revenue of $285K, expenses of $222K, and assets of $236K (revenue +71.0% year-over-year).
- 2021: Revenue of $167K, expenses of $107K, and assets of $173K (revenue -2.8% year-over-year).
- 2020: Revenue of $171K, expenses of $77K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlanta Black Chambers:
Data Sources and Methodology
This transparency report for Atlanta Black Chambers is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.