Is Plattsburgh North Country Chamber Of Commerce Inc Legit?
Quick charity verification for Plattsburgh North Country Chamber Of Commerce Inc (EIN: 141258003)
Verdict: Plattsburgh North Country Chamber Of Commerce Inc shows mixed signals
65/100Mission Score
$3.2MRevenue
$2.3MAssets
3Red Flags
3Strengths
Red Flags
Lack of reported officer compensation across all filings, hindering transparency.
Absence of detailed functional expense breakdown (program, admin, fundraising) in available data.
Increasing liabilities, though still manageable relative to assets, warrant closer monitoring.
Strengths
Consistent revenue growth, from $1,893,706 in 2014 to $2,785,335 in 2023.
Positive net income in most recent years (e.g., $65,017 in 2023), indicating financial stability.
Steady increase in assets, from $1,054,235 in 2014 to $2,344,770 in 2023, demonstrating asset accumulation.
Spending Breakdown
How Plattsburgh North Country 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 Plattsburgh North Country Chamber Of Commerce Inc
Is Plattsburgh North Country Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Plattsburgh North Country Chamber Of Commerce Inc (EIN: 141258003) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Plattsburgh North Country Chamber Of Commerce Inc a good charity to donate to?
Plattsburgh North Country Chamber Of Commerce Inc has a Mission Score of 65/100. Revenue: $3.2M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plattsburgh North Country Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Plattsburgh North Country Chamber Of Commerce Inc is 141258003. 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 Plattsburgh North Country Chamber Of Commerce Inc spend its money?
Plattsburgh North Country 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 Plattsburgh North Country Chamber Of Commerce Inc's tax-exempt status?
You can verify Plattsburgh North Country Chamber Of Commerce Inc's tax-exempt status using EIN 141258003 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 Plattsburgh North Country Chamber Of Commerce Inc demonstrates consistent financial activity, with revenues generally exceeding expenses over the past several years, indicating a stable operational model. For example, in 2023, revenue was $2,785,335 against expenses of $2,720,318, resulting in a surplus. The organization's assets have also shown a steady increase, reaching $2,344,770 in 2023, suggesting prudent financial management and growth in its resource base. Liabilities have also increased, but remain at a manageable level relative to assets.
However, a significant area for improvement in transparency is the lack of reported officer compensation across all available filings. While this could indicate that officers are not compensated, or that compensation is reported under other categories, the absence of explicit disclosure makes it difficult to fully assess executive remuneration practices. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to precisely evaluate spending efficiency and the proportion of funds directly allocated to programmatic activities versus overhead.
Overall, the organization appears financially sound with a positive trend in revenue and assets. To enhance transparency and allow for a more thorough financial health assessment, the organization would benefit from clearer reporting on executive compensation and a detailed functional expense breakdown in its IRS Form 990 filings.