Indy Black Chamber of Commerce Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To serve as a comprehensive resource for developing Black and Minority owned businesses, by providing business education, financing, and access to capital opportunities.
- Income
- $647,383
- Spending
- $937,851
- Spent on programs
- 82%
- Reserves
- 2.6 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 7
- Highest pay
- $114,000, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 45 out of 100. Higher than 14% of charities in its peer group (community improvement, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.6 months of spending.
Debt
20 of 20It owes 11% of what it owns.
Living within its means
0 of 15Spending exceeded income by 45% of income.
Income trend
0 of 15Income fell 30% on the year before.
Spending floor
15 of 1582% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 56 out of 100. Higher than 20% of charities in its peer group (community improvement, $250k to $1m).
Independent board
5 of 250 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- Wealth Building Through Business Ownership is IBCCs premier 10 week business development cohort desinged to embrace entrepreneurship by providing the foundation necessary to equip business owners for long term success. Since the inception of our program in March 2019, IBCC is proud to have graduated over 170 black and minority owned entrepreneurs. In 2025, IBCC graduated 6 business education cohorts, including 3 Wealth Building Ownership cohorts and 3 Parachute cohorts, with 40 entrepreneurs completing our program.Participants strenghtened thier operational readiness, financial management skills, and leadership capacity while gaining access to capital pathways, industry professionals and expanded business networks.
- Wealth Building Alumni Pitch Night-In 2025, IBCC hosted its first Wealth Building Alumni Ptich Night, extending support to graduates beyond their inital cohort experience. Alumni showcased the growth of their business while competing for $18,000 in capital awards, including $10,000 for first place, $5,000 for second place and $3,000 for third place.
- Business Lending & Access to Capital- Across its lending and financial initiatives, IBCC deployed more than $200,000 directly to small business owners in 2025 to support working capital, business stabilization, and growth. IBCC was also selected as a recipient of the final round of Indianapolis African American Quality of Life Initiative (IAAQLI) funding to launch the G.R.O.W.T.H. Loan Program (Generating Resources for Operational Wellness & Technical Help), expanding access to capital paired with technical assistance for growing businesses
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.