Quick charity verification for Chip Inc (EIN: 222632040)
Verdict: Chip Inc has notable concerns
30/100Mission Score
$404KRevenue
$571KAssets
4Red Flags
1Strengths
Red Flags
Zero reported program expenses in 2023 ($0), 2022 ($0), and 2021 ($0), raising questions about charitable activities.
Significant negative net income in 2022 (revenue $285,132 vs. expenses $396,080).
No information on the nature of the organization's activities or mission in the provided data.
Unexplained large fluctuations in total assets year-over-year (e.g., $369,516 in 2022 to $500,028 in 2023).
Strengths
Consistent asset base over several years, suggesting some financial stability despite operational losses.
AI Transparency Report
Chip Inc is a unknown nonprofit based in Newcastle, Maine, with reported revenue of $404K and assets of $571K. Our AI analysis assigns a Mission Score of 30/100 (Poor). Executive compensation cannot be assessed as no compensation figures are reported in the available filings. Revenue has grown +220% across 13 filing periods.