Wadesboro-anson Chamber of Commerce
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Wadesboro-anson Chamber of Commerce is a 501(c)(6) organization based in Wadesboro, North Carolina, registered in 1991, with $105,136 in FY2024 revenue. CharityIndex grades it B.
Po Box 305, Wadesboro, NC, 28170 EIN 56-0488598 Since 1991
Revenue (FY2024)
$105K
▼ 15.0% vs prior year
Expenses (FY2024)
$115K
Net assets
$103K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Wadesboro-anson 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 →
B+Financial health25% of the rating11 mo reserves · -9% 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 Wadesboro-anson Chamber of Commerce: 11 mo reserves · -9% margin earns a B+ 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 Wadesboro-anson 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 Wadesboro-anson Chamber of Commerce: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 305, Wadesboro, NC, 28170
- City
- Wadesboro
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $128K (FY2017) to $105K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities -$553Net assets $103K
Operating margin
-9.2%
Spent more than it raised in the latest fiscal year.
Total assets
$103K
Total liabilities
-$553
Net assets
$103K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $105,136▼15.0% | $114,819▲103% | $103,449▼8.6% | $102,896▼15.1% | 990 |
| 2023 | $123,749▼12.5% | $56,685▼49.9% | $113,132▲150% | $121,174▲157% | 990 |
| 2022 | $141,506▲58.6% | $113,032▲10.1% | $45,238▲178% | $47,076▲164% | 990 |
| 2021 | $89,203▼13.3% | $102,671▼0.6% | $16,256▼45.3% | $17,839▼42.1% | 990 |
| 2020 | $102,918▼0.5% | $103,261▲12.9% | $29,724▼8.8% | $30,794▼8.8% | 990 |
| 2019 | $103,429▼25.3% | $91,486▼36.6% | $32,588▲57.8% | $33,774▲48.9% | 990 |
| 2018 | $138,439▲8.4% | $144,269▲19.8% | $20,645▼22.0% | $22,679▼20.6% | 990 |
| 2017 | $127,721 | $120,439 | $26,475 | $28,556 | 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 Wadesboro-anson Chamber of Commerce a legitimate nonprofit?
- Yes. Wadesboro-anson Chamber of Commerce is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 56-0488598, based in Wadesboro, North Carolina.
- What is Wadesboro-anson Chamber of Commerce's EIN?
- Wadesboro-anson Chamber of Commerce's Employer Identification Number (EIN) is 56-0488598.
- How much revenue does Wadesboro-anson Chamber of Commerce report?
- Wadesboro-anson Chamber of Commerce reported $105,136 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wadesboro-anson Chamber of Commerce have?
- CharityIndex grades Wadesboro-anson Chamber of Commerce B, based on financial health (reserves and operating margin).
More nonprofits in Wadesboro
Explore more
Data for Wadesboro-anson Chamber of Commerce (EIN 56-0488598) 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.