Is Chamber Of Commerce Of Greater Cape May New Jersey Legit?
Quick charity verification for Chamber Of Commerce Of Greater Cape May New Jersey (EIN: 222398173)
Verdict: Chamber Of Commerce Of Greater Cape May New Jersey appears trustworthy
75/100Mission Score
$229KRevenue
$206KAssets
3Red Flags
2Strengths
Red Flags
Consistent reporting of 0% compensation for all key personnel across multiple years (2016-2023) may warrant further investigation to understand the operational model and whether services are provided pro bono or through other means not reflected in this data.
The organization consistently spends more than it brings in, with expenses exceeding revenue in 7 out of 8 years (2016, 2017, 2018, 2020, 2021, 2022, 2023), leading to a decrease in net assets over time.
Net assets have decreased from $201,857 in 2016 to $240,667 in 2023, despite some fluctuations, indicating a long-term trend of operating at a deficit.
Strengths
The organization has maintained a consistent level of revenue, generally ranging between $200,000 and $300,000 annually, demonstrating a stable funding base.
Despite operating deficits, the organization has maintained a positive asset base, with assets consistently above $200,000, suggesting some financial resilience.
AI Transparency Report
Chamber Of Commerce Of Greater Cape May New Jersey is a unknown nonprofit based in Cape May, New Jersey, with reported revenue of $229K and assets of $206K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. The organization consistently reports 0% compensation to officers, directors, trustees, key employees, and highest compensated employees across all available filings. Detailed program spending is not explicitly broken down in the provided data, making it difficult to assess the allocation of expenses beyond total expenditures. The provided data lacks specific details on how the 'Chamber Of Commerce' fulfills its mission beyond general revenue and expense figures. Executive compensation is reported as $0 across all available filings, indicating either a volunteer-led organization or that compensation is not reported in the provided data format. Revenue has declined -9% across 13 filing periods.