Charlotte Mecklenburg Black Chamber Of Commerce Inc
Charlotte Mecklenburg Black Chamber Of Commerce operates on a near break-even budget with minimal assets and no reported officer compensation.
EIN: 201603755 · Charlotte, NC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $489K |
| Total Expenses | $487K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $565,000. |
| Net Assets | $13K |
| Transparency Score | 75/100 |
Is Charlotte Mecklenburg Black Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlotte Mecklenburg Black Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charlotte Mecklenburg Black Chamber Of Commerce Inc
Charlotte Mecklenburg Black Chamber Of Commerce Inc (EIN: 201603755) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P20. The organization reported total revenue of $489K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Mecklenburg Black Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Mecklenburg Black Chamber Of Commerce Inc is a small nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $487K |
| Surplus / Deficit | +$2K |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | 0.4% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2023, Charlotte Mecklenburg Black Chamber Of Commerce Inc reported a surplus of $2K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2023), Charlotte Mecklenburg Black Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.4% | -13.7% | +17.4% |
| 2022 | +42.0% | +40.6% | +0.0% |
| 2021 | -13.3% | -12.5% | -25.8% |
| 2020 | +2216.3% | +2216.3% | +1543700.0% |
| 2012 | -75.3% | -75.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charlotte Mecklenburg Black Chamber Of Commerce Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Charlotte Mecklenburg Black Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across any of the available IRS 990 filings, including periods with revenues up to $565,000. This suggests that executive leadership may be volunteer-based or compensated through other means not reportable as officer compensation, which is unusual for an organization of this revenue size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charlotte Mecklenburg Black Chamber Of Commerce Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in summary data makes spending efficiency difficult to fully ascertain.
- Very low asset base relative to annual revenue, potentially indicating limited financial resilience or reserves for future operations.
Strengths
The following positive indicators were identified for Charlotte Mecklenburg Black Chamber Of Commerce Inc:
- Consistent operational activity with revenues closely matching expenses, indicating responsible financial management.
- Zero reported liabilities across all filings, demonstrating a debt-free operation.
- No reported officer compensation, suggesting a potentially high degree of volunteerism or efficient use of funds for mission-related activities.
Frequently Asked Questions about Charlotte Mecklenburg Black Chamber Of Commerce Inc
Is Charlotte Mecklenburg Black Chamber Of Commerce Inc a legitimate charity?
Charlotte Mecklenburg Black Chamber Of Commerce Inc (EIN: 201603755) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $489K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Charlotte Mecklenburg Black Chamber Of Commerce Inc spend its money?
Charlotte Mecklenburg Black Chamber Of Commerce Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Charlotte Mecklenburg Black Chamber Of Commerce Inc tax-deductible?
Charlotte Mecklenburg Black Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 201603755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charlotte Mecklenburg Black Chamber Of Commerce Inc CEO make?
Charlotte Mecklenburg Black Chamber Of Commerce Inc's highest-compensated officer earns $565,000. annually. The organization reported $489K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Charlotte Mecklenburg Black Chamber Of Commerce Inc's spending goes to programs?
Charlotte Mecklenburg Black Chamber Of Commerce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charlotte Mecklenburg Black Chamber Of Commerce Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Charlotte Mecklenburg Black Chamber Of Commerce Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charlotte Mecklenburg Black Chamber Of Commerce Inc located?
Charlotte Mecklenburg Black Chamber Of Commerce Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 201603755. It is classified under NTEE code P20.
How many years of IRS 990 filings does Charlotte Mecklenburg Black Chamber Of Commerce Inc have?
Charlotte Mecklenburg Black Chamber Of Commerce Inc has 6 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 $489K in total revenue.
How does the organization fund its leadership, given no reported officer compensation?
The IRS 990 data indicates zero officer compensation across all filings, including the most recent period with $489,450 in revenue. This could mean leadership is entirely volunteer-based, compensated by a related entity, or that individual compensation falls below the IRS reporting threshold for officers.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed functional expense breakdown. While the organization operates on a near break-even basis, understanding the specific allocation of expenses to programs, administration, and fundraising would require reviewing the full IRS 990, Part IX, Statement of Functional Expenses.
Why does the organization maintain such a low asset base relative to its annual revenue?
With assets of $13,447 against 2023 revenue of $489,450, the organization holds very few reserves. This could indicate a strategy to immediately deploy funds for its mission, a reliance on just-in-time funding, or a lack of capacity to build significant financial reserves.
Filing History
IRS 990 filing history for Charlotte Mecklenburg Black Chamber Of Commerce Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2023), Charlotte Mecklenburg Black Chamber Of Commerce Inc's revenue has grown by 509.9%, moving from $80K to $489K. Total assets increased by 1344600% over the same period, from $1 to $13K. Total functional expenses rose by 507.5%, from $80K to $487K. In its most recent filing year (2023), Charlotte Mecklenburg Black Chamber Of Commerce Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $487K | $13K | $0 | — | — |
| 2022 | $565K | $565K | $11K | $0 | — | View 990 |
| 2021 | $398K | $402K | $11K | $0 | — | View 990 |
| 2020 | $459K | $459K | $15K | $0 | — | View 990 |
| 2012 | $20K | $20K | $1 | $0 | — | View 990 |
| 2011 | $80K | $80K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $487K, and assets of $13K (revenue -13.4% year-over-year).
- 2022: Revenue of $565K, expenses of $565K, and assets of $11K (revenue +42.0% year-over-year).
- 2021: Revenue of $398K, expenses of $402K, and assets of $11K (revenue -13.3% year-over-year).
- 2020: Revenue of $459K, expenses of $459K, and assets of $15K (revenue +2216.3% year-over-year).
- 2012: Revenue of $20K, expenses of $20K, and assets of $1 (revenue -75.3% year-over-year).
- 2011: Revenue of $80K, expenses of $80K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Mecklenburg Black Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Charlotte Mecklenburg Black 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.