Is Greater Wildwood Chamber Of Commerce Corp Legit?
Quick charity verification for Greater Wildwood Chamber Of Commerce Corp (EIN: 210466195)
Verdict: Greater Wildwood Chamber Of Commerce Corp appears trustworthy
85/100Mission Score
$507KRevenue
$593KAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing (202312), indicating an operational deficit for the year.
Significant year-over-year revenue fluctuations (e.g., $767,050 in 202212 down to $506,729 in 202312) could indicate unpredictable funding sources.
Strengths
Consistent IRS 990 filing history (14 filings) demonstrates strong transparency.
Healthy asset-to-liability ratio ($592,521 assets vs. $86,204 liabilities in 202312) indicates financial stability.
No reported officer compensation across all filings, suggesting efficient use of funds for executive leadership.
Maintains a substantial asset base despite occasional operational deficits.
Spending Breakdown
How Greater Wildwood Chamber Of Commerce Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Wildwood Chamber Of Commerce Corp
Is Greater Wildwood Chamber Of Commerce Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Wildwood Chamber Of Commerce Corp (EIN: 210466195) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Greater Wildwood Chamber Of Commerce Corp a good charity to donate to?
Greater Wildwood Chamber Of Commerce Corp has a Mission Score of 85/100. Revenue: $507K. Assets: $593K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Wildwood Chamber Of Commerce Corp?
The Employer Identification Number (EIN) for Greater Wildwood Chamber Of Commerce Corp is 210466195. 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 Wildwood Chamber Of Commerce Corp spend its money?
Greater Wildwood Chamber Of Commerce Corp allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Wildwood Chamber Of Commerce Corp's tax-exempt status?
You can verify Greater Wildwood Chamber Of Commerce Corp's tax-exempt status using EIN 210466195 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 Wildwood Chamber Of Commerce Corp demonstrates a consistent operational history with fluctuating revenues and expenses over the past decade. In the latest filing (202312), the organization reported revenues of $506,729 against expenses of $578,099, indicating a deficit for the period. This follows a surplus in 202212 where revenues significantly exceeded expenses ($767,050 vs. $637,261). The organization maintains a healthy asset base of $592,521, comfortably exceeding its liabilities of $86,204, suggesting financial stability despite recent operational deficits.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive structure or that compensation is not reported in this specific field, warranting further investigation for a complete picture of executive costs. The NTEE code S41 indicates a focus on Business & Commerce, which aligns with a Chamber of Commerce's mission.
While the organization's financial health appears stable due to its asset-to-liability ratio, the recent trend of expenses exceeding revenue in 202312 and 202112 suggests a need for careful monitoring of operational efficiency and revenue generation strategies. The absence of reported officer compensation is a positive indicator for donor confidence regarding executive pay, assuming all relevant compensation is indeed zero or reported elsewhere.