Mission
DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.
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. 19 publicly reported grants to this organization, totaling roughly $13.2M, 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 Records19
Funding Total$13.2M
Filing Years2021–2025
Where $100 goes at Asheville Area Chamber of Commerce Community Betterment Foundation
How Asheville Area Chamber of Commerce Community Betterment Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
1
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CHARITABLE GIFT
$274,518
GENERAL SUPPORT
$104,875
GENERAL SUPPORT
$104,875
BUILDING COMMUNITY & ECONOMIC VITALITY
$32,500
MOUNTAIN STRONG FUND BUSINESS RECOVERY/HELENE
$10,000
Showing up to 5 of 19 total records — full history available with membership.
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
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.