Avery County Chamber Of Commerce Inc
EIN: 561436245 · Banner Elk, NC
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $321K |
| Net Assets | $181K |
Is Avery County Chamber Of Commerce Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Avery County Chamber Of Commerce Inc
Avery County Chamber Of Commerce Inc (EIN: 561436245) is a nonprofit organization based in Banner Elk, NC. The organization reported total revenue of $320K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avery County Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avery County Chamber Of Commerce Inc is a small nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $321K |
| Surplus / Deficit | $-755 |
| Total Assets | $187K |
| Total Liabilities | $5K |
| Net Assets | $181K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2023, Avery County Chamber Of Commerce Inc reported a deficit of $755 with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Avery County Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +6.2% | -1.8% |
| 2022 | -1.3% | +17.6% | +14.1% |
| 2021 | +34.7% | +8.2% | +21.1% |
| 2020 | -3.6% | -6.7% | +14.4% |
| 2019 | +0.3% | +17.1% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Avery County Chamber Of Commerce Inc 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 Avery County Chamber Of Commerce Inc 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 $755, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Avery County Chamber Of Commerce Inc
Is Avery County Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avery County Chamber Of Commerce Inc (EIN: 561436245) insufficient data. 0 red flags identified, 0 strengths noted.
How does Avery County Chamber Of Commerce Inc spend its money?
Detailed spending breakdown data is not yet available for Avery County Chamber Of Commerce Inc. Check back for updated IRS 990 analysis.
Are donations to Avery County Chamber Of Commerce Inc tax-deductible?
Avery County Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 561436245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Avery County Chamber Of Commerce Inc located?
Avery County Chamber Of Commerce Inc is headquartered in Banner Elk, North Carolina and files with the IRS under EIN 561436245.
How many years of IRS 990 filings does Avery County Chamber Of Commerce Inc have?
Avery County Chamber Of Commerce Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $320K in total revenue.
Filing History
IRS 990 filing history for Avery County Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Avery County Chamber Of Commerce Inc's revenue has grown by 168.7%, moving from $119K to $320K. Total assets increased by 20.6% over the same period, from $155K to $187K. Total functional expenses rose by 152.7%, from $127K to $321K. In its most recent filing year (2023), Avery County Chamber Of Commerce Inc reported a deficit of $755, with expenses exceeding revenue. The organization holds $5K in liabilities against $187K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $321K | $187K | $5K | — | View 990 |
| 2022 | $317K | $302K | $190K | $8K | — | View 990 |
| 2021 | $321K | $256K | $167K | $34 | — | View 990 |
| 2020 | $239K | $237K | $138K | $36K | — | — |
| 2019 | $248K | $254K | $120K | $19K | — | View 990 |
| 2018 | $247K | $217K | $111K | $3K | — | View 990 |
| 2017 | $229K | $213K | $89K | $2K | — | View 990 |
| 2016 | $254K | $190K | $72K | $993 | — | View 990 |
| 2015 | $135K | $148K | $16K | $9K | — | View 990 |
| 2014 | $141K | $167K | $33K | $12K | — | View 990 |
| 2013 | $137K | $145K | $47K | $179 | — | View 990 |
| 2012 | $54K | $148K | $57K | $2K | — | View 990 |
| 2011 | $91K | $49K | $152K | $3K | — | View 990 |
| 2011 | $119K | $127K | $155K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $320K, expenses of $321K, and assets of $187K (revenue +0.8% year-over-year).
- 2022: Revenue of $317K, expenses of $302K, and assets of $190K (revenue -1.3% year-over-year).
- 2021: Revenue of $321K, expenses of $256K, and assets of $167K (revenue +34.7% year-over-year).
- 2020: Revenue of $239K, expenses of $237K, and assets of $138K (revenue -3.6% year-over-year).
- 2019: Revenue of $248K, expenses of $254K, and assets of $120K (revenue +0.3% year-over-year).
- 2018: Revenue of $247K, expenses of $217K, and assets of $111K (revenue +7.6% year-over-year).
- 2017: Revenue of $229K, expenses of $213K, and assets of $89K (revenue -9.6% year-over-year).
- 2016: Revenue of $254K, expenses of $190K, and assets of $72K (revenue +88.4% year-over-year).
- 2015: Revenue of $135K, expenses of $148K, and assets of $16K (revenue -4.6% year-over-year).
- 2014: Revenue of $141K, expenses of $167K, and assets of $33K (revenue +3.1% year-over-year).
- 2013: Revenue of $137K, expenses of $145K, and assets of $47K (revenue +154.7% year-over-year).
- 2012: Revenue of $54K, expenses of $148K, and assets of $57K (revenue -41.2% year-over-year).
- 2011: Revenue of $91K, expenses of $49K, and assets of $152K (revenue -23.3% year-over-year).
- 2011: Revenue of $119K, expenses of $127K, and assets of $155K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avery County Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Avery County Chamber Of Commerce Inc 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.