Is Greater Claremont Chamber Of Commerce Scholarship Fund Legit?
Quick charity verification for Greater Claremont Chamber Of Commerce Scholarship Fund (EIN: 20483503)
Verdict: Greater Claremont Chamber Of Commerce Scholarship Fund appears trustworthy
70/100Mission Score
$0Revenue
$4KAssets
2Red Flags
3Strengths
Red Flags
Consistent $0 or near-$0 revenue in recent years, indicating potential sustainability issues.
Declining asset base from $4,080 in 2020 to $3,723 in 2023, suggesting expenses are being covered by existing funds rather than new income.
Strengths
Zero officer compensation, indicating a volunteer-driven model and efficient use of funds.
Low liabilities ($0 across all filings), demonstrating financial prudence and no debt.
Minimal overhead due to very low expenses, suggesting that any funds received are likely directed towards its mission.
Spending Breakdown
How Greater Claremont Chamber Of Commerce Scholarship Fund allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Greater Claremont Chamber Of Commerce Scholarship Fund
Is Greater Claremont Chamber Of Commerce Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Claremont Chamber Of Commerce Scholarship Fund (EIN: 20483503) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Greater Claremont Chamber Of Commerce Scholarship Fund a good charity to donate to?
Greater Claremont Chamber Of Commerce Scholarship Fund has a Mission Score of 70/100. Revenue: $0. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Claremont Chamber Of Commerce Scholarship Fund?
The Employer Identification Number (EIN) for Greater Claremont Chamber Of Commerce Scholarship Fund is 20483503. 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 Greater Claremont Chamber Of Commerce Scholarship Fund spend its money?
Greater Claremont Chamber Of Commerce Scholarship Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Claremont Chamber Of Commerce Scholarship Fund's tax-exempt status?
You can verify Greater Claremont Chamber Of Commerce Scholarship Fund's tax-exempt status using EIN 20483503 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 Greater Claremont Chamber Of Commerce Scholarship Fund appears to be a very small, volunteer-run organization with minimal financial activity. Over the past several years, its revenue has been negligible, often reporting $0, and its expenses have also been very low, typically under $2,000 annually. For instance, in 2023, it reported $0 in revenue and $150 in expenses, while in 2022, it had $0 revenue and $2,003 in expenses. The organization consistently reports no liabilities and maintains a modest asset base, currently at $3,723. This financial profile suggests a highly constrained operational capacity, likely relying on minimal donations or small grants to fund its scholarship activities. Given its size and lack of significant financial transactions, its transparency is inherently high due to the simplicity of its operations, though detailed program impact metrics are not evident from the provided financial data alone.