Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of Legit?
Quick charity verification for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of (EIN: 201467359)
Verdict: Camara De Comercio Latina Del Condado Boulder Latino Chamber Of appears trustworthy
85/100Mission Score
$193KRevenue
$84KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($193,834 expenses vs. $182,555 revenue), indicating a deficit for that period, though this could be covered by reserves.
Strengths
Consistent reporting of 0% officer compensation, indicating resources are not used for executive salaries.
Zero liabilities reported in the last three fiscal periods (2021-2023), demonstrating strong financial stability.
Significant growth in assets from $143,953 in 2020 to $216,571 in 2023, indicating effective asset management.
Increasing revenue over the years, suggesting growing support and program reach.
Spending Breakdown
How Camara De Comercio Latina Del Condado Boulder Latino Chamber Of allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Camara De Comercio Latina Del Condado Boulder Latino Chamber Of
Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of a legitimate charity?
Based on AI analysis of IRS 990 filings, Camara De Comercio Latina Del Condado Boulder Latino Chamber Of (EIN: 201467359) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of a good charity to donate to?
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of has a Mission Score of 85/100. Revenue: $193K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of?
The Employer Identification Number (EIN) for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of is 201467359. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Camara De Comercio Latina Del Condado Boulder Latino Chamber Of spend its money?
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's tax-exempt status?
You can verify Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's tax-exempt status using EIN 201467359 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of demonstrates a generally stable financial position, with assets growing significantly from $143,953 in 2020 to $216,571 in 2023, indicating good financial management. The organization consistently reports zero liabilities in its most recent filings (2021-2023), which is a strong indicator of financial health and low risk. While expenses have increased over time, from $35,570 in 2020 to $193,834 in 2023, this growth appears to be in line with increased revenue, suggesting an expansion of activities rather than uncontrolled spending. The consistent reporting of 0% officer compensation across all filings enhances transparency and suggests resources are directed towards programs and operations rather than executive salaries.