Is Chamber Of Commerce Of The Borough Of…

Quick charity verification for Chamber Of Commerce Of The Borough Of Queens Inc (EIN: 110559220)

Spending Breakdown

How Chamber Of Commerce Of The Borough Of Queens Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Chamber Of Commerce Of The Borough Of Queens Inc

Is Chamber Of Commerce Of The Borough Of Queens Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Chamber Of Commerce Of The Borough Of Queens Inc (EIN: 110559220) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Chamber Of Commerce Of The Borough Of Queens Inc a good charity to donate to?

Chamber Of Commerce Of The Borough Of Queens Inc has a Mission Score of 85/100. Revenue: $5.0M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Chamber Of Commerce Of The Borough Of Queens Inc?

The Employer Identification Number (EIN) for Chamber Of Commerce Of The Borough Of Queens Inc is 110559220. 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 Chamber Of Commerce Of The Borough Of Queens Inc spend its money?

Chamber Of Commerce Of The Borough Of Queens Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Chamber Of Commerce Of The Borough Of Queens Inc's tax-exempt status?

You can verify Chamber Of Commerce Of The Borough Of Queens Inc's tax-exempt status using EIN 110559220 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 Chamber Of Commerce Of The Borough Of Queens Inc. demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. In the latest filing period (202312), the organization reported revenues of $3,632,921 against expenses of $3,680,402, resulting in a slight deficit for the year. However, this is offset by a healthy asset base of $2,856,540, which has grown significantly from $310,151 in 2014. The organization's liabilities have also increased in proportion to its growth, reaching $1,982,029 in 2023, suggesting reliance on debt or deferred revenue.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational expenses relative to revenue suggest a focus on delivering its mission. The absence of reported officer compensation across all filings is a notable point regarding executive pay, potentially indicating a volunteer-led executive structure or compensation being reported under other expense categories. Further analysis of the full 990 forms would be necessary to ascertain the exact allocation of spending and the nature of executive remuneration.

Overall, the organization appears to be financially sound with a strong growth trend in assets and revenue. Its transparency regarding executive compensation, as indicated by 0% officer compensation, is a positive sign, though a detailed breakdown of functional expenses would enhance the understanding of its spending efficiency.

Is Chamber Of Commerce Of The Borough Of Queens Inc Legit?

Verdict: Chamber Of Commerce Of The Borough Of Queens Inc appears trustworthy

Red Flags

Strengths