Quick charity verification for Newport Chamber Of Commerce Inc (EIN: 20265122)
Verdict: Newport Chamber Of Commerce Inc appears trustworthy
75/100Mission Score
$87KRevenue
$216KAssets
2Red Flags
4Strengths
Red Flags
Significant fluctuation in annual revenue (e.g., $242,094 in 2022 vs. $73,010 in 2023) could indicate reliance on inconsistent funding sources.
Lack of detailed expense breakdown in provided data makes it difficult to precisely assess program efficiency.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for a small organization.
Significant growth in assets over the past decade, from $14,909 in 2015 to $217,438 in 2023.
Consistent filing of IRS 990 forms, demonstrating good transparency.
Expenses generally kept in line with revenue, showing fiscal responsibility.
Spending Breakdown
How Newport Chamber Of Commerce Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Newport Chamber Of Commerce Inc
Is Newport Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Chamber Of Commerce Inc (EIN: 20265122) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Newport Chamber Of Commerce Inc a good charity to donate to?
Newport Chamber Of Commerce Inc has a Mission Score of 75/100. Revenue: $87K. Assets: $216K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Newport Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Newport Chamber Of Commerce Inc is 20265122. 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 Newport Chamber Of Commerce Inc spend its money?
Newport Chamber Of Commerce Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Newport Chamber Of Commerce Inc's tax-exempt status?
You can verify Newport Chamber Of Commerce Inc's tax-exempt status using EIN 20265122 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 Newport Chamber Of Commerce Inc demonstrates a generally stable financial position, with assets growing significantly from $14,909 in 2015 to $217,438 in 2023. Revenue has fluctuated, with a notable spike to $242,094 in 2022, but typically hovers around $50,000-$70,000. The organization consistently spends close to its revenue, indicating that it operates on a tight budget without accumulating large surpluses or deficits over time. For instance, in 2023, revenue was $73,010 against expenses of $72,635.
Spending efficiency appears reasonable given the organization's size and mission as a chamber of commerce, which often involves administrative and event-related costs. The consistent reporting of 0% officer compensation across all filings suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation towards mission-related activities. However, without a detailed breakdown of expenses, it's challenging to fully assess program spending versus administrative overhead.
Transparency is good in terms of consistent IRS 990 filings, providing a clear historical financial record. The absence of reported officer compensation is a key transparency point. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are specifically allocated between programs, administration, and fundraising. Overall, the organization appears to be fiscally responsible within its operational scope.