Is Greater Keene Chamber Of Commerce Foundation Legit?
Quick charity verification for Greater Keene Chamber Of Commerce Foundation (EIN: 20491352)
Verdict: Greater Keene Chamber Of Commerce Foundation shows mixed signals
65/100Mission Score
$123KRevenue
$127KAssets
3Red Flags
2Strengths
Red Flags
Highly inconsistent revenue generation, with multiple years of zero revenue (2020, 2016, 2015, 2014).
Significant expense-to-revenue disparity in 2022 ($87,251 expenses vs. $23,750 revenue), indicating potential reliance on reserves or unsustainable spending.
Fluctuating asset base, from $72,794 in 2021 down to $13,372 in 2023, suggesting instability in financial holdings.
Strengths
Consistent reporting of 0% officer compensation, demonstrating a commitment to minimizing administrative overhead related to executive pay.
Maintains a relatively low liability level, consistently around $7,844 for many years, indicating prudent debt management.
Spending Breakdown
How Greater Keene Chamber Of Commerce Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Greater Keene Chamber Of Commerce Foundation
Is Greater Keene Chamber Of Commerce Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Keene Chamber Of Commerce Foundation (EIN: 20491352) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Greater Keene Chamber Of Commerce Foundation a good charity to donate to?
Greater Keene Chamber Of Commerce Foundation has a Mission Score of 65/100. Revenue: $123K. Assets: $127K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Keene Chamber Of Commerce Foundation?
The Employer Identification Number (EIN) for Greater Keene Chamber Of Commerce Foundation is 20491352. 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 Keene Chamber Of Commerce Foundation spend its money?
Greater Keene Chamber Of Commerce Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Keene Chamber Of Commerce Foundation's tax-exempt status?
You can verify Greater Keene Chamber Of Commerce Foundation's tax-exempt status using EIN 20491352 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 Keene Chamber Of Commerce Foundation exhibits inconsistent financial activity over the past decade, with revenues fluctuating significantly, including several years with zero reported revenue (2020, 2016, 2015, 2014). While the latest reported revenue is $13,934, this is a substantial decrease from the $63,500 reported in 2021. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the wide swings in revenue and expenses, such as expenses exceeding revenue by a large margin in 2022 ($87,251 expenses vs. $23,750 revenue), suggest potential instability or project-based funding that is not consistently recurring.
The foundation's assets have also varied, peaking at $72,794 in 2021 and currently standing at $13,372. Liabilities have remained relatively stable at $7,844 for many years, indicating a consistent debt structure. The lack of detailed program spending breakdowns in the provided data makes it challenging to fully assess spending efficiency, but the zero officer compensation is a strong point for transparency in executive pay. The overall financial picture suggests a small, volunteer-led organization with fluctuating financial capacity, making long-term planning and consistent program delivery potentially challenging.