Is Little River Chamber Of Commerce And Visitors Center Inc Legit?
Quick charity verification for Little River Chamber Of Commerce And Visitors Center Inc (EIN: 10810218)
Verdict: Little River Chamber Of Commerce And Visitors Center Inc appears trustworthy
75/100Mission Score
$378KRevenue
$196KAssets
2Red Flags
4Strengths
Red Flags
Significant financial volatility with large swings in revenue and expenses, including net losses in multiple years (e.g., 202012 and 201912).
High liabilities relative to assets in some periods (e.g., 202012 where liabilities were $195,145 and assets were $133,975).
Strengths
Strong financial recovery in the latest filing (202112) with a positive net income of $80,433.
Consistent reporting of 0% officer compensation across all filings, indicating efficient executive pay practices.
Long history of IRS 990 filings (11 filings), demonstrating transparency.
Increase in assets from $133,975 in 202012 to $195,822 in 202112.
Spending Breakdown
How Little River Chamber Of Commerce And Visitors Center 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 Little River Chamber Of Commerce And Visitors Center Inc
Is Little River Chamber Of Commerce And Visitors Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Little River Chamber Of Commerce And Visitors Center Inc (EIN: 10810218) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Little River Chamber Of Commerce And Visitors Center Inc a good charity to donate to?
Little River Chamber Of Commerce And Visitors Center Inc has a Mission Score of 75/100. Revenue: $378K. Assets: $196K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Little River Chamber Of Commerce And Visitors Center Inc?
The Employer Identification Number (EIN) for Little River Chamber Of Commerce And Visitors Center Inc is 10810218. 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 Little River Chamber Of Commerce And Visitors Center Inc spend its money?
Little River Chamber Of Commerce And Visitors Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Little River Chamber Of Commerce And Visitors Center Inc's tax-exempt status?
You can verify Little River Chamber Of Commerce And Visitors Center Inc's tax-exempt status using EIN 10810218 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 Little River Chamber Of Commerce And Visitors Center Inc. demonstrates fluctuating financial health over the past several years. While the latest filing (202112) shows a positive net income of $80,433 ($377,755 revenue - $297,322 expenses) and an increase in assets to $195,822, this follows periods of significant net losses, such as in 202012 (loss of $88,006) and 201912 (loss of $24,894). The organization's liabilities have also been substantial, reaching $195,145 in 202012, nearly matching its assets in that period. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.
The organization's transparency appears to be good, with 11 years of consistent IRS 990 filings available. The NTEE code S41 (Chambers of Commerce) indicates its primary purpose. The lack of reported officer compensation is a strong point for transparency regarding executive pay. However, the significant swings in revenue and expenses, particularly the sharp drop in revenue from $556,039 in 201912 to $151,611 in 202012, warrant further investigation to understand the underlying causes and the organization's financial stability strategies. The latest period shows a recovery in revenue and a healthy surplus, which is a positive trend.