Quick charity verification for Madison Black Chamber Of Commerce (EIN: 202877968)
Verdict: Madison Black Chamber Of Commerce appears trustworthy
85/100Mission Score
$1.1MRevenue
$1.2MAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $35,243 in 2022 to $597,902 in 2023, warranting further investigation.
Strengths
Exceptional revenue growth from $47,880 in 2016 to $1,597,496 in 2023, indicating strong support and expanding operations.
Consistent 0% officer compensation across all filings, demonstrating a commitment to directing funds to mission.
Healthy asset growth, from $28,912 in 2016 to $1,324,095 in 2023, reflecting financial stability and capacity.
Positive net assets in all reported periods, indicating financial solvency.
Spending Breakdown
How Madison Black 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 Madison Black Chamber Of Commerce
Is Madison Black Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Black Chamber Of Commerce (EIN: 202877968) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Madison Black Chamber Of Commerce a good charity to donate to?
Madison Black Chamber Of Commerce has a Mission Score of 85/100. Revenue: $1.1M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Madison Black Chamber Of Commerce?
The Employer Identification Number (EIN) for Madison Black Chamber Of Commerce is 202877968. 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 Madison Black Chamber Of Commerce spend its money?
Madison Black 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 Madison Black Chamber Of Commerce's tax-exempt status?
You can verify Madison Black Chamber Of Commerce's tax-exempt status using EIN 202877968 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 Madison Black Chamber Of Commerce demonstrates a significant growth trajectory, with revenue surging from $47,880 in 2016 to $1,597,496 in 2023. This substantial increase in funding is a positive indicator of growing support for its mission. The organization consistently reports 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its programs rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The rapid increase in liabilities from $35,243 in 2022 to $597,902 in 2023, alongside a corresponding increase in assets, warrants further investigation to understand the nature of these liabilities and their impact on long-term financial stability. Overall, the organization appears to be in a period of rapid expansion, with good transparency regarding executive compensation, but more detailed expense data would enhance a full financial health assessment.