Quick charity verification for Prescott Chamber Of Commercefoundation (EIN: 204235039)
Verdict: Prescott Chamber Of Commercefoundation appears trustworthy
85/100Mission Score
$482KRevenue
$694KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong dedication to mission.
Significant growth in assets from $55,657 in 201612 to $455,233 in 202312.
Positive financial performance in the latest period (202312) with revenues exceeding expenses ($305,521 vs $256,810).
Effective management of liabilities, showing a decrease from $102,242 in 202112 to $40,452 in 202312.
Long-term upward trend in revenue, demonstrating increasing capacity and support.
Spending Breakdown
How Prescott Chamber Of Commercefoundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Prescott Chamber Of Commercefoundation
Is Prescott Chamber Of Commercefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Prescott Chamber Of Commercefoundation (EIN: 204235039) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Prescott Chamber Of Commercefoundation a good charity to donate to?
Prescott Chamber Of Commercefoundation has a Mission Score of 85/100. Revenue: $482K. Assets: $694K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Prescott Chamber Of Commercefoundation?
The Employer Identification Number (EIN) for Prescott Chamber Of Commercefoundation is 204235039. 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 Prescott Chamber Of Commercefoundation spend its money?
Prescott Chamber Of Commercefoundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Prescott Chamber Of Commercefoundation's tax-exempt status?
You can verify Prescott Chamber Of Commercefoundation's tax-exempt status using EIN 204235039 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
Prescott Chamber Of Commercefoundation demonstrates a generally stable financial position with fluctuating but overall increasing revenue and assets over the past decade. In the latest filing (202312), the organization reported revenues of $305,521 against expenses of $256,810, resulting in a surplus. This positive trend is a recovery from the deficit incurred in 202212 where expenses ($371,950) exceeded revenues ($320,835). The organization's assets have grown significantly from $55,657 in 201612 to $455,233 in 202312, indicating good financial management and accumulation of resources.
The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries. This practice enhances transparency and trust. While specific program spending percentages are not provided in the summary data, the absence of officer compensation is a positive indicator of financial stewardship. The organization's liabilities have also been managed, with a notable decrease from $102,242 in 202112 to $40,452 in 202312, further strengthening its financial health.