Quick charity verification for Carroll County Chamber Of Commerce (EIN: 203864958)
Verdict: Carroll County Chamber Of Commerce appears trustworthy
85/100Mission Score
$580KRevenue
$270KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $8,682 in 2015 to $176,416 in 2023, indicating strong financial health.
Very low liabilities, such as $3,545 in 2023, demonstrating minimal financial risk.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds for leadership.
Revenues consistently exceeding expenses, leading to a healthy surplus and asset accumulation.
Significant revenue growth, particularly from $129,153 in 2020 to $438,268 in 2023, indicating expanding operations.
Spending Breakdown
How Carroll County Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Carroll County Chamber Of Commerce
Is Carroll County Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Carroll County Chamber Of Commerce (EIN: 203864958) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Carroll County Chamber Of Commerce a good charity to donate to?
Carroll County Chamber Of Commerce has a Mission Score of 85/100. Revenue: $580K. Assets: $270K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carroll County Chamber Of Commerce?
The Employer Identification Number (EIN) for Carroll County Chamber Of Commerce is 203864958. 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 Carroll County Chamber Of Commerce spend its money?
Carroll County Chamber Of Commerce allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carroll County Chamber Of Commerce's tax-exempt status?
You can verify Carroll County Chamber Of Commerce's tax-exempt status using EIN 203864958 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
The Carroll County Chamber Of Commerce demonstrates consistent financial activity, with revenues generally exceeding expenses, leading to a steady growth in assets over the past several years. For instance, in 2023, revenue was $438,268 against expenses of $427,701, contributing to an asset base of $176,416. The organization's liabilities remain very low, indicating a healthy balance sheet and minimal financial risk. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive team or compensation falling below reporting thresholds, which can be a positive indicator of efficiency, though it warrants further investigation for complete transparency.
Spending efficiency appears strong, as the organization consistently operates with a small surplus, indicating responsible management of funds. The NTEE code S41 (Business & Commerce Chambers of Commerce) suggests a focus on local economic development and support for businesses. Without a detailed breakdown of program vs. administrative expenses in the provided data, a precise assessment of program spending efficiency is challenging. However, the overall financial stability and growth in net assets suggest effective resource management.
Transparency is generally good, with consistent IRS 990 filings. The lack of reported officer compensation is a notable point; while it could indicate volunteer leadership, it also means less detail is available regarding executive remuneration. The consistent growth in assets from $8,682 in 2015 to $176,416 in 2023, alongside low liabilities, points to sound financial stewardship and a growing capacity to fulfill its mission.