Quick charity verification for Lehi City Chamber Of Commerce Inc (EIN: 20618882)
Verdict: Lehi City Chamber Of Commerce Inc appears trustworthy
85/100Mission Score
$243KRevenue
$132KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($257,530 expenses vs. $243,976 revenue), resulting in a deficit for that period.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial ethics and mission focus.
Significant growth in revenue and assets over the past decade, from $52,833 revenue in 2012 to $243,976 in 2023, and assets from $61,655 to $182,688.
Low liabilities, with the highest reported at $6,715 in 2022, suggesting good financial management and minimal debt.
Healthy asset base of $182,688 in 2023, providing financial stability.
Spending Breakdown
How Lehi City Chamber Of Commerce Inc 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 Lehi City Chamber Of Commerce Inc
Is Lehi City Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lehi City Chamber Of Commerce Inc (EIN: 20618882) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lehi City Chamber Of Commerce Inc a good charity to donate to?
Lehi City Chamber Of Commerce Inc has a Mission Score of 85/100. Revenue: $243K. Assets: $132K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lehi City Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Lehi City Chamber Of Commerce Inc is 20618882. 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 Lehi City Chamber Of Commerce Inc spend its money?
Lehi City Chamber Of Commerce Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lehi City Chamber Of Commerce Inc's tax-exempt status?
You can verify Lehi City Chamber Of Commerce Inc's tax-exempt status using EIN 20618882 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
Lehi City Chamber Of Commerce Inc demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past decade, from $52,833 in 2012 to $243,976 in 2023. The organization's assets have also grown significantly, from $61,655 in 2012 to $182,688 in 2023, indicating a healthy accumulation of resources. While the 2023 filing shows expenses ($257,530) exceeding revenue ($243,976), leading to a slight deficit, this appears to be an anomaly in recent years, as 2022 saw a surplus of over $39,000. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. Liabilities remain very low, suggesting good financial management and minimal debt burden.
The chamber's financial health appears stable, with a solid asset base and a history of managing expenses effectively. The absence of officer compensation is a significant positive for transparency and donor confidence. While the 2023 deficit warrants monitoring, it doesn't overshadow the overall positive trend. The organization's NTEE code S41 (Chambers of Commerce) suggests its primary activities are community and business support, which aligns with its operational scale and financial patterns.