Quick charity verification for Souhegan Valley Chamber Of Commerce Inc (EIN: 20424369)
Verdict: Souhegan Valley Chamber Of Commerce Inc appears trustworthy
75/100Mission Score
$214KRevenue
$160KAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of 0% officer compensation, which, while potentially efficient, can sometimes obscure how leadership is truly compensated or if there are uncompensated risks.
Operating deficit in the latest filing period (202406), where expenses ($191,379) exceeded revenue ($168,972).
Strengths
Consistent financial reporting over 13 periods, indicating transparency and accountability.
Significant growth in assets from $26,869 in 2015 to $140,432 in 2024, demonstrating financial stability and reserve building.
No reported officer compensation, suggesting a potentially very lean administrative structure and high efficiency in resource allocation.
Spending Breakdown
How Souhegan Valley 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 Souhegan Valley Chamber Of Commerce Inc
Is Souhegan Valley Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Souhegan Valley Chamber Of Commerce Inc (EIN: 20424369) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Souhegan Valley Chamber Of Commerce Inc a good charity to donate to?
Souhegan Valley Chamber Of Commerce Inc has a Mission Score of 75/100. Revenue: $214K. Assets: $160K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Souhegan Valley Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Souhegan Valley Chamber Of Commerce Inc is 20424369. 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 Souhegan Valley Chamber Of Commerce Inc spend its money?
Souhegan Valley 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 Souhegan Valley Chamber Of Commerce Inc's tax-exempt status?
You can verify Souhegan Valley Chamber Of Commerce Inc's tax-exempt status using EIN 20424369 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 Souhegan Valley Chamber Of Commerce Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $140,000 to $290,000 over the past decade. The organization's assets have shown growth, increasing from $26,869 in 2015 to $140,432 in 2024, indicating a build-up of financial reserves. However, liabilities have also fluctuated significantly, reaching a high of $139,007 in 2020 before decreasing to $79,505 in 2024. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of efficiency, though it also means detailed executive compensation data is not available for analysis. The organization's financial health appears stable, but with some periods of operating deficits, such as in 2024 where expenses ($191,379) exceeded revenue ($168,972).