Covington-tipton County Chamber of Commerce
501(c)(6)
Only null% goes to programs
Covington-tipton County Chamber of Commerce is a 501(c)(6) organization based in Covington, Tennessee, registered in 1985, with $212,921 in FY2024 revenue. CharityIndex grades it B.
106 W Liberty Ave, Covington, TN, 38019 EIN 62-0614417 Since 1985
Revenue (FY2024)
$213K
▼ 7.9% vs prior year
Expenses (FY2024)
$197K
Net assets
$72K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Covington-tipton County Chamber of Commerce— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +7% 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 Covington-tipton County Chamber of Commerce: 4 mo reserves · +7% margin earns a A 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 Covington-tipton County Chamber of Commerce— 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 Covington-tipton County Chamber of Commerce: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $143K (FY2013) to $213K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $42KNet assets $72K
Operating margin
7.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$114K
Total liabilities
$42K
Net assets
$72K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $212,921▼7.9% | $197,418▼22.4% | $72,274▲18.0% | $114,003▲9.6% | 990 |
| 2023 | $231,086▲5.9% | $254,527▼3.3% | $61,233▼42.8% | $104,045▼23.9% | 990 |
| 2022 | $218,156▼9.4% | $263,229▲22.3% | $106,994▼29.6% | $136,776▼34.2% | 990 |
| 2021 | $240,724▲6.1% | $215,171▲4.3% | $152,067▲35.9% | $207,797▲25.2% | 990 |
| 2020 | $226,961▲39.1% | $206,275▲33.6% | $111,917▲25.8% | $166,013▲39.4% | 990 |
| 2019 | $163,165▲1.4% | $154,383▲30.0% | $88,960▲33.2% | $119,093▲62.7% | 990 |
| 2018 | $160,936▼16.8% | $118,772▼37.2% | $66,788▲171% | $73,194▲47.7% | 990 |
| 2017 | $193,358▲25.2% | $189,084▲32.1% | $24,616▲21.0% | $49,541▼90.7% | 990 |
| 2016 | $154,411▲8.9% | $143,139▼11.4% | $20,342▲124% | $531,457▲1.3% | 990 |
| 2015 | $141,832▼15.0% | $161,609▼7.7% | $9,070▼68.6% | $524,437▼3.2% | 990 |
| 2014 | $166,860▲16.5% | $175,003▲1.5% | $28,852▼22.0% | $541,919▼1.5% | 990 |
| 2013 | $143,267 | $172,395▲6.0% | $36,995▼44.1% | $550,224▼4.0% | 990 |
| 2012 | — | $162,640 | $66,123 | $573,139 | 990 |
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 Covington-tipton County Chamber of Commerce a legitimate nonprofit?
- Yes. Covington-tipton County Chamber of Commerce is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 62-0614417, based in Covington, Tennessee.
- What is Covington-tipton County Chamber of Commerce's EIN?
- Covington-tipton County Chamber of Commerce's Employer Identification Number (EIN) is 62-0614417.
- How much revenue does Covington-tipton County Chamber of Commerce report?
- Covington-tipton County Chamber of Commerce reported $212,921 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Covington-tipton County Chamber of Commerce have?
- CharityIndex grades Covington-tipton County Chamber of Commerce B, based on financial health (reserves and operating margin).
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Data for Covington-tipton County Chamber of Commerce (EIN 62-0614417) 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.