Black Mountain-swannanoa Chamber of Commerce Incorporated
501(c)(6)
Only null% goes to programs
Black Mountain-swannanoa Chamber of Commerce Incorporated is a 501(c)(6) organization based in Black Mtn, North Carolina, registered in 1984, with $153,774 in FY2024 revenue. CharityIndex grades it C+.
201 E State St, Black Mtn, NC, 28711 EIN 56-0556064 Since 1984
Revenue (FY2024)
$154K
▲ 7.2% vs prior year
Expenses (FY2024)
$175K
Net assets
$64K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Black Mountain-swannanoa Chamber of Commerce Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating4 mo reserves · -14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Black Mountain-swannanoa Chamber of Commerce Incorporated: 4 mo reserves · -14% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Black Mountain-swannanoa Chamber of Commerce Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Black Mountain-swannanoa Chamber of Commerce Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 201 E State St, Black Mtn, NC, 28711
- City
- Black Mtn
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $170K (FY2011) to $154K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $833Net assets $64K
Operating margin
-14.1%
Spent more than it raised in the latest fiscal year.
Total assets
$65K
Total liabilities
$833
Net assets
$64K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $153,774▲7.2% | $175,423▲1.0% | $63,970▼24.4% | $64,803▼24.0% | 990EZ |
| 2023 | $143,483▼19.1% | $173,766▲12.8% | $84,619▼33.2% | $85,251▼33.3% | 990EZ |
| 2022 | $177,424▲4.9% | $154,031▼0.9% | $126,723▲830% | $127,717▲20.8% | 990EZ |
| 2021 | $169,113▼11.1% | $155,487▼17.1% | $13,626▼88.3% | $105,698▼9.4% | 990EZ |
| 2018 | $190,212▼8.6% | $187,528▼1.8% | $116,685▲2.4% | $116,685▲2.4% | 990EZ |
| 2017 | $208,050▲18.4% | $190,958▲7.6% | $114,002▲17.6% | $113,998▲17.6% | 990 |
| 2016 | $175,737▼10.7% | $177,425▼18.4% | $96,912▼1.7% | $96,938▼1.7% | 990EZ |
| 2015 | $196,881▲11.3% | $217,348▲12.8% | $98,602▼17.2% | $98,602▼17.2% | 990EZ |
| 2014 | $176,885▼7.1% | $192,705▲14.6% | $119,069▼11.7% | $119,069▼13.2% | 990EZ |
| 2013 | $190,481▲24.3% | $168,137▲7.3% | $134,889▲19.9% | $137,247▲21.3% | 990EZ |
| 2012 | $153,289▼9.8% | $156,730▼11.0% | $112,545▼3.0% | $113,191▼2.4% | 990EZ |
| 2011 | $170,014 | $176,030 | $115,987 | $116,029 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Black Mountain-swannanoa Chamber of Commerce Incorporated a legitimate nonprofit?
- Yes. Black Mountain-swannanoa Chamber of Commerce Incorporated is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 56-0556064, based in Black Mtn, North Carolina.
- What is Black Mountain-swannanoa Chamber of Commerce Incorporated's EIN?
- Black Mountain-swannanoa Chamber of Commerce Incorporated's Employer Identification Number (EIN) is 56-0556064.
- How much revenue does Black Mountain-swannanoa Chamber of Commerce Incorporated report?
- Black Mountain-swannanoa Chamber of Commerce Incorporated reported $153,774 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Black Mountain-swannanoa Chamber of Commerce Incorporated have?
- CharityIndex grades Black Mountain-swannanoa Chamber of Commerce Incorporated C+, based on financial health (reserves and operating margin).
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Data for Black Mountain-swannanoa Chamber of Commerce Incorporated (EIN 56-0556064) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.