Quick charity verification for Hudson Chamber Of Commerce (EIN: 20275589)
Verdict: Hudson Chamber Of Commerce appears trustworthy
85/100Mission Score
$71KRevenue
$79KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial stability with growing assets (from $59,851 in 2014 to $87,272 in 2023).
Very low liabilities, indicating strong financial health and minimal debt (e.g., $770 in 2023).
0% officer compensation reported across all filings, suggesting efficient use of funds.
Regular IRS 990 filings over 13 periods demonstrate strong transparency.
Expenses are well-controlled relative to revenue, often resulting in surpluses.
Spending Breakdown
How Hudson Chamber Of Commerce 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 Hudson Chamber Of Commerce
Is Hudson Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Hudson Chamber Of Commerce (EIN: 20275589) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Hudson Chamber Of Commerce a good charity to donate to?
Hudson Chamber Of Commerce has a Mission Score of 85/100. Revenue: $71K. Assets: $79K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hudson Chamber Of Commerce?
The Employer Identification Number (EIN) for Hudson Chamber Of Commerce is 20275589. 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 Hudson Chamber Of Commerce spend its money?
Hudson Chamber Of Commerce allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hudson Chamber Of Commerce's tax-exempt status?
You can verify Hudson Chamber Of Commerce's tax-exempt status using EIN 20275589 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 Hudson Chamber Of Commerce demonstrates consistent financial activity typical of a small local chamber, with revenues and expenses generally in the $50,000-$70,000 range over the past decade. The organization maintains a healthy asset base, which has grown from $59,851 in 2014 to $87,272 in 2023, indicating sound financial management and accumulation of reserves. Liabilities are consistently low, typically under $1,000, suggesting minimal debt and strong liquidity.
Spending efficiency appears reasonable for an organization of this size, with expenses closely tracking revenues. For instance, in 2023, expenses were $65,083 against revenues of $69,499, resulting in a modest surplus. The consistent reporting of 0% officer compensation across all filings indicates that the organization is likely volunteer-led or compensates its leadership through non-salary means, which can be a positive sign for donor confidence regarding administrative overhead.
Transparency is strong given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial picture. The absence of officer compensation simplifies the analysis and suggests a focus on operational expenditures rather than high executive salaries. Overall, the organization appears financially stable and responsibly managed, operating within its means and maintaining a solid financial position.