Is Swedish American Chamber Of Commerce Of The Usa Inc Legit?
Quick charity verification for Swedish American Chamber Of Commerce Of The Usa Inc (EIN: 133871781)
Verdict: Swedish American Chamber Of Commerce Of The Usa Inc appears trustworthy
85/100Mission Score
$691KRevenue
$409KAssets
1Red Flags
4Strengths
Red Flags
Consistent near break-even operations could limit capacity for future growth or unexpected expenses without significant reserve accumulation.
Strengths
Consistent growth in assets, from $189,938 in 2016 to $518,893 in 2023, demonstrates increasing financial capacity.
0% officer compensation reported across all filings indicates extremely low executive overhead and high efficiency.
Expenses closely tracking revenues suggest efficient utilization of funds towards its mission.
Stable revenue generation, with latest revenue at $690,549, supports ongoing operations.
Spending Breakdown
How Swedish American Chamber Of Commerce Of The Usa Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Swedish American Chamber Of Commerce Of The Usa Inc
Is Swedish American Chamber Of Commerce Of The Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Swedish American Chamber Of Commerce Of The Usa Inc (EIN: 133871781) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Swedish American Chamber Of Commerce Of The Usa Inc a good charity to donate to?
Swedish American Chamber Of Commerce Of The Usa Inc has a Mission Score of 85/100. Revenue: $691K. Assets: $409K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Swedish American Chamber Of Commerce Of The Usa Inc?
The Employer Identification Number (EIN) for Swedish American Chamber Of Commerce Of The Usa Inc is 133871781. 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 Swedish American Chamber Of Commerce Of The Usa Inc spend its money?
Swedish American Chamber Of Commerce Of The Usa Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Swedish American Chamber Of Commerce Of The Usa Inc's tax-exempt status?
You can verify Swedish American Chamber Of Commerce Of The Usa Inc's tax-exempt status using EIN 133871781 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 Swedish American Chamber Of Commerce Of The USA Inc. demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past several years, reaching $648,660 in 2023. The organization's expenses closely track its revenues, indicating a lean operational model where most income is spent on its programs and operations. For instance, in 2023, expenses were $649,397 against revenues of $648,660, resulting in a slight deficit. This trend of near break-even operations is common across its filing history, suggesting efficient use of funds rather than significant accumulation of reserves.
The organization's asset base has shown a healthy increase over time, from $189,938 in 2016 to $518,893 in 2023, indicating a growing capacity. Liabilities have also increased but remain manageable relative to assets. A key aspect of its financial health is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very low-overhead executive structure, contributing to higher efficiency in resource allocation towards its mission. This practice enhances its financial transparency and demonstrates a commitment to minimizing administrative costs.
Overall, the organization appears financially stable and operates with a high degree of spending efficiency, as evidenced by its tight expense-to-revenue ratios and lack of executive compensation. Its consistent growth in assets and revenue, coupled with transparent financial reporting, paints a picture of a well-managed nonprofit focused on its programmatic goals.