Mayfield-graves County Chamber of Commerce
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Mayfield-graves County Chamber of Commerce is a 501(c)(6) organization based in Mayfield, Kentucky, registered in 1964, with $190,306 in FY2024 revenue. CharityIndex grades it B.
201 E College St, Mayfield, KY, 42066 EIN 61-0600511 Since 1964
Revenue (FY2024)
$190K
▲ 18.2% vs prior year
Expenses (FY2024)
$129K
Net assets
$177K
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 Mayfield-graves 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 rating16 mo reserves · +32% 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 Mayfield-graves County Chamber of Commerce: 16 mo reserves · +32% 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 Mayfield-graves 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 Mayfield-graves 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 $100K (FY2014) to $190K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5,230Net assets $177K
Operating margin
32.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$182K
Total liabilities
$5,230
Net assets
$177K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $190,306▲18.2% | $128,804▲5.4% | $176,937▲53.3% | $182,167▲48.2% | 990 |
| 2023 | $160,972▲75.9% | $122,202▼5.1% | $115,435▲110% | $122,961▲96.3% | 990 |
| 2022 | $91,498▼20.1% | $128,722▲69.6% | $54,967▼40.4% | $62,626▼37.0% | 990EZ |
| 2021 | $114,555▼12.6% | $75,899▼27.2% | $92,192▲72.2% | $99,358▲50.7% | 990EZ |
| 2020 | $131,105▲11.0% | $104,206▼12.9% | $53,538▲101% | $65,947▲109% | 990EZ |
| 2019 | $118,159▼3.7% | $119,592▲4.6% | $26,637▼5.1% | $31,502▼8.3% | 990EZ |
| 2018 | $122,740▲18.4% | $114,299▲9.7% | $28,071▲43.0% | $34,365▲19.5% | 990EZ |
| 2017 | $103,625▲4.5% | $104,168▲1.4% | $19,630▲44.4% | $28,750▼0.2% | 990EZ |
| 2015 | $99,128▼1.3% | $102,773▼4.9% | $13,598▼21.1% | $28,808▲7.0% | 990EZ |
| 2014 | $100,402 | $108,034 | $17,244 | $26,934 | 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 Mayfield-graves County Chamber of Commerce a legitimate nonprofit?
- Yes. Mayfield-graves County Chamber of Commerce is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-0600511, based in Mayfield, Kentucky.
- What is Mayfield-graves County Chamber of Commerce's EIN?
- Mayfield-graves County Chamber of Commerce's Employer Identification Number (EIN) is 61-0600511.
- How much revenue does Mayfield-graves County Chamber of Commerce report?
- Mayfield-graves County Chamber of Commerce reported $190,306 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mayfield-graves County Chamber of Commerce have?
- CharityIndex grades Mayfield-graves County Chamber of Commerce B, based on financial health (reserves and operating margin).
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Data for Mayfield-graves County Chamber of Commerce (EIN 61-0600511) 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.