Quick charity verification for Greater Somersworth Chamber Of Commerce (EIN: 20419085)
Verdict: Greater Somersworth Chamber Of Commerce shows mixed signals
55/100Mission Score
$37KRevenue
$3KAssets
4Red Flags
3Strengths
Red Flags
Consistent deficit spending (e.g., $54,167 expenses vs. $46,398 revenue in 2023).
Significant decline in revenue from $123,454 in 2019 to $46,398 in 2023.
Substantial decrease in assets from $119,912 in 2019 to $22,162 in 2023.
Lack of detailed expense breakdown to assess program spending efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating low executive overhead.
No reported liabilities in recent years (2020-2023), suggesting good debt management.
Regular IRS 990 filings demonstrate transparency.
Spending Breakdown
How Greater Somersworth 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 Somersworth Chamber Of Commerce
Is Greater Somersworth Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Somersworth Chamber Of Commerce (EIN: 20419085) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Greater Somersworth Chamber Of Commerce a good charity to donate to?
Greater Somersworth Chamber Of Commerce has a Mission Score of 55/100. Revenue: $37K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Somersworth Chamber Of Commerce?
The Employer Identification Number (EIN) for Greater Somersworth Chamber Of Commerce is 20419085. 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 Somersworth Chamber Of Commerce spend its money?
Greater Somersworth 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 Somersworth Chamber Of Commerce's tax-exempt status?
You can verify Greater Somersworth Chamber Of Commerce's tax-exempt status using EIN 20419085 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 Somersworth Chamber of Commerce has experienced a significant decline in financial health over the past few years. Revenue has dropped from a high of $123,454 in 2019 to $46,398 in 2023, while expenses have frequently exceeded revenue, leading to a reduction in assets from $119,912 in 2019 to $22,162 in 2023. This trend suggests operational challenges and a need for strategic financial planning to ensure long-term sustainability. The organization consistently reports zero officer compensation, which indicates a volunteer-led or very lean executive structure, contributing to lower administrative overhead in that specific area.
Spending efficiency is difficult to fully assess without a detailed breakdown of program versus administrative and fundraising expenses, as the provided data only gives total expenses. However, the consistent deficit spending, such as $54,167 in expenses against $46,398 in revenue in 2023, indicates that the organization is spending more than it earns. The lack of liabilities reported in recent years (2020-2023) is a positive sign regarding debt management, but the shrinking asset base is a concern.
Transparency appears to be adequate given the availability of 990 filings. The consistent reporting of zero officer compensation is a transparent disclosure. However, without more granular expense data, it's challenging to fully evaluate how efficiently funds are being allocated to core programs versus other operational costs. The significant decrease in assets from $105,018 in 2020 to $22,162 in 2023, alongside declining revenue, points to a challenging financial trajectory.