Public Charity

Asheville Area Chamber of Commerce Community Betterment Foundation

Asheville Area Chamber of Commerce Community Betterment Foundation is a Public Charity headquartered in Asheville, NC. Financial data from the 2025 filing: $2.6M revenue, $2.5M expenses, $2.3M total assets. 17 publicly reported grants to this organization, totaling roughly $13.0M, appear in IRS filings.

EIN: 561762978 Asheville, NC Community Foundations NTEE: T31 Latest filing: 2025
Total Revenue$2.6M
Total Expenses$2.5M
Total Assets$2.3M
Grant Records17
Funding Total$13.0M
Filing Years2021–2025

Mission

DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.

Officers & Directors

Board Member Austin Walker
Treasurer Ben Hamrick
Board Member Carolyn Coward
Board Member Dana Stonestreet
Board Member Himanshu Karvir
Board Member Janice Brumit

Officer compensation and complete director data available with membership.

Top Grant Purposes

SEE PART IV
$12,000,000 1 grant
See Part IV
$365,000 1 grant
CHARITABLE GIFT
$274,518 1 grant
BUILDING COMMUNITY & ECONOMIC VITALITY
$146,700 5 grants
GENERAL SUPPORT
$114,875 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.6M $2.5M $2.3M
2024 $1.1M $1.3M $1.9M
2023 $3.8M $4.0M $2.2M
2022 $6.6M $6.6M $2.7M
2021 $6.5M $5.6M $2.6M

Between 2021 and 2025, reported annual revenue declined from $6.5M to $2.6M (-60%), with total assets most recently reported at $2.3M.

Interactive year-over-year charts and full filing details available with membership.

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