Quick charity verification for Greater Nashua Chamber Of Commerce (EIN: 20116973)
Verdict: Greater Nashua Chamber Of Commerce appears trustworthy
85/100Mission Score
$530KRevenue
$370KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth in recent years (e.g., $439,972 in 2022 to $536,128 in 2023).
Positive net income in most recent filings (e.g., $47,551 in 2023).
Significant growth in assets over the past five years (from $115,668 in 2019 to $394,988 in 2023).
Zero officer compensation reported across all available filings, indicating strong volunteer leadership or efficient executive structure.
Consistent filing history of IRS 990s, demonstrating transparency and accountability.
Spending Breakdown
How Greater Nashua Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Greater Nashua Chamber Of Commerce
Is Greater Nashua Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Nashua Chamber Of Commerce (EIN: 20116973) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Greater Nashua Chamber Of Commerce a good charity to donate to?
Greater Nashua Chamber Of Commerce has a Mission Score of 85/100. Revenue: $530K. Assets: $370K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Nashua Chamber Of Commerce?
The Employer Identification Number (EIN) for Greater Nashua Chamber Of Commerce is 20116973. 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 Nashua Chamber Of Commerce spend its money?
Greater Nashua Chamber Of Commerce allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Nashua Chamber Of Commerce's tax-exempt status?
You can verify Greater Nashua Chamber Of Commerce's tax-exempt status using EIN 20116973 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 Nashua Chamber Of Commerce demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to a steady growth in assets. For example, in 2023, revenue was $536,128 against expenses of $488,577, contributing to an increase in assets to $394,988. The organization has shown resilience, recovering from periods where expenses slightly outpaced revenue, such as in 2019 and 2018. Their asset base has grown significantly from $115,668 in 2019 to $394,988 in 2023, indicating sound financial management and accumulation of reserves.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent positive net income in recent years suggests effective management of resources. The organization's liabilities have also been managed well, remaining at a reasonable level relative to assets, with liabilities at $166,147 against assets of $394,988 in 2023.
Transparency is a strong point, as the organization consistently reports 0% officer compensation across all available filings. This indicates that the top leadership is not drawing salaries, which is a positive sign for a nonprofit and suggests a volunteer-driven or very lean executive structure. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to public accountability.