Chamber Of Commerce Greater Hendersonville
EIN: 560258910 · Hendersonville, NC
| Metric | Value |
|---|---|
| Total Revenue | $511K |
| Total Expenses | $403K |
| Net Assets | $995K |
Is Chamber Of Commerce Greater Hendersonville Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chamber Of Commerce Greater Hendersonville
Chamber Of Commerce Greater Hendersonville (EIN: 560258910) is a nonprofit organization based in Hendersonville, NC. The organization reported total revenue of $511K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Greater Hendersonville's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce Greater Hendersonville is a small nonprofit that has been operating for 74 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $403K |
| Surplus / Deficit | +$28K |
| Total Assets | $1.4M |
| Total Liabilities | $372K |
| Net Assets | $995K |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 40.7 months |
Financial Health Grade: A
In 2022, Chamber Of Commerce Greater Hendersonville reported a surplus of $28K with revenue exceeding expenses, holds 40.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Chamber Of Commerce Greater Hendersonville's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +24.5% | +2.8% | +0.7% |
| 2021 | -24.4% | +0.5% | -4.8% |
| 2020 | +20.6% | +0.8% | +3.1% |
| 2019 | +0.6% | -1.6% | -0.7% |
| 2018 | -4.5% | +2.1% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Of Commerce Greater Hendersonville 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 Chamber Of Commerce Greater Hendersonville 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.2%.
Frequently Asked Questions about Chamber Of Commerce Greater Hendersonville
Is Chamber Of Commerce Greater Hendersonville a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Of Commerce Greater Hendersonville (EIN: 560258910) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chamber Of Commerce Greater Hendersonville spend its money?
Detailed spending breakdown data is not yet available for Chamber Of Commerce Greater Hendersonville. Check back for updated IRS 990 analysis.
Are donations to Chamber Of Commerce Greater Hendersonville tax-deductible?
Chamber Of Commerce Greater Hendersonville is registered as a tax-exempt nonprofit (EIN: 560258910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Of Commerce Greater Hendersonville located?
Chamber Of Commerce Greater Hendersonville is headquartered in Hendersonville, North Carolina and files with the IRS under EIN 560258910.
How many years of IRS 990 filings does Chamber Of Commerce Greater Hendersonville have?
Chamber Of Commerce Greater Hendersonville has 12 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 $511K in total revenue.
Filing History
IRS 990 filing history for Chamber Of Commerce Greater Hendersonville showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Chamber Of Commerce Greater Hendersonville's revenue has grown by 0.6%, moving from $428K to $431K. Total assets decreased by 16.9% over the same period, from $1.6M to $1.4M. Total functional expenses rose by 14.4%, from $352K to $403K. In its most recent filing year (2022), Chamber Of Commerce Greater Hendersonville reported a surplus of $28K, with revenue exceeding expenses. The organization holds $372K in liabilities against $1.4M in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $995K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $431K | $403K | $1.4M | $372K | — | View 990 |
| 2021 | $346K | $392K | $1.4M | $390K | — | View 990 |
| 2020 | $458K | $390K | $1.4M | $413K | — | View 990 |
| 2019 | $380K | $387K | $1.4M | $437K | — | — |
| 2018 | $378K | $394K | $1.4M | $440K | — | View 990 |
| 2017 | $395K | $385K | $1.4M | $463K | — | View 990 |
| 2016 | $381K | $376K | $1.5M | $497K | — | View 990 |
| 2015 | $376K | $375K | $1.5M | $540K | — | View 990 |
| 2014 | $378K | $351K | $1.6M | $606K | — | View 990 |
| 2013 | $361K | $358K | $1.7M | $745K | — | View 990 |
| 2012 | $537K | $386K | $1.7M | $816K | — | View 990 |
| 2011 | $428K | $352K | $1.6M | $864K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $431K, expenses of $403K, and assets of $1.4M (revenue +24.5% year-over-year).
- 2021: Revenue of $346K, expenses of $392K, and assets of $1.4M (revenue -24.4% year-over-year).
- 2020: Revenue of $458K, expenses of $390K, and assets of $1.4M (revenue +20.6% year-over-year).
- 2019: Revenue of $380K, expenses of $387K, and assets of $1.4M (revenue +0.6% year-over-year).
- 2018: Revenue of $378K, expenses of $394K, and assets of $1.4M (revenue -4.5% year-over-year).
- 2017: Revenue of $395K, expenses of $385K, and assets of $1.4M (revenue +3.8% year-over-year).
- 2016: Revenue of $381K, expenses of $376K, and assets of $1.5M (revenue +1.4% year-over-year).
- 2015: Revenue of $376K, expenses of $375K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2014: Revenue of $378K, expenses of $351K, and assets of $1.6M (revenue +4.7% year-over-year).
- 2013: Revenue of $361K, expenses of $358K, and assets of $1.7M (revenue -32.8% year-over-year).
- 2012: Revenue of $537K, expenses of $386K, and assets of $1.7M (revenue +25.4% year-over-year).
- 2011: Revenue of $428K, expenses of $352K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce Greater Hendersonville:
Data Sources and Methodology
This transparency report for Chamber Of Commerce Greater Hendersonville 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.