Is Middlesex County Regional Chamber Of Commerce Inc Legit?
Quick charity verification for Middlesex County Regional Chamber Of Commerce Inc (EIN: 220816242)
Verdict: Middlesex County Regional Chamber Of Commerce Inc appears trustworthy
85/100Mission Score
$680KRevenue
$125KAssets
1Red Flags
4Strengths
Red Flags
Frequent minor operating deficits, such as in 202305 ($638,535 revenue vs. $643,693 expenses), which could limit long-term reserve building.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong transparency and potentially volunteer leadership.
Long history of IRS 990 filings (13 filings), demonstrating commitment to public accountability.
Lean operational model with expenses closely aligned to revenues, suggesting efficient use of funds.
Stable revenue generation over the past decade, indicating consistent support for its activities.
Spending Breakdown
How Middlesex County Regional 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 Middlesex County Regional Chamber Of Commerce Inc
Is Middlesex County Regional Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Middlesex County Regional Chamber Of Commerce Inc (EIN: 220816242) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Middlesex County Regional Chamber Of Commerce Inc a good charity to donate to?
Middlesex County Regional Chamber Of Commerce Inc has a Mission Score of 85/100. Revenue: $680K. Assets: $125K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Middlesex County Regional Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Middlesex County Regional Chamber Of Commerce Inc is 220816242. 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 Middlesex County Regional Chamber Of Commerce Inc spend its money?
Middlesex County Regional 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 Middlesex County Regional Chamber Of Commerce Inc's tax-exempt status?
You can verify Middlesex County Regional Chamber Of Commerce Inc's tax-exempt status using EIN 220816242 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
Middlesex County Regional Chamber Of Commerce Inc. demonstrates a consistent operational pattern, with revenues and expenses generally in close proximity over the past decade. For instance, in the 202305 period, expenses of $643,693 slightly exceeded revenues of $638,535, indicating a tight financial margin. The organization's assets have fluctuated, reaching a high of $316,637 in 201505 but standing at $197,656 in the latest filing, while liabilities have also varied, suggesting active financial management. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a focus on mission over executive pay.
The organization's financial health appears stable, though with periods of minor deficits, such as in 202305 and 202105. The relatively low asset base compared to annual revenue suggests that the organization operates with a lean structure, relying on ongoing revenue to cover expenses rather than substantial reserves. The absence of officer compensation is a strong positive for spending efficiency and transparency, as it implies that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a common practice for chambers of commerce where leadership may be drawn from member businesses.
Overall, the organization appears to be transparent in its financial reporting, particularly regarding executive compensation. Its spending efficiency can be inferred from the tight revenue-expense margins, indicating that funds are largely utilized within the operating year. The consistent filing of IRS Form 990s over 13 periods further reinforces its commitment to public accountability.