Quick charity verification for The Madison Chamber Of Commerce (EIN: 222536920)
Verdict: The Madison Chamber Of Commerce shows mixed signals
65/100Mission Score
$158KRevenue
$198KAssets
3Red Flags
3Strengths
Red Flags
Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years, which may indicate services are entirely pro-bono or compensation is miscategorized.
Program service expenses are not separately detailed, making it difficult to assess the direct impact of funds.
Spending breakdown (40% programs) is lower than ideal for a nonprofit, suggesting a significant portion of funds go to administrative and fundraising efforts.
Strengths
The organization consistently maintains a positive net income, with revenues generally exceeding expenses.
Assets have remained stable, indicating sound financial management and reserves.
The organization has a long history of operation, with consistent filings dating back to 2016.
Spending Breakdown
How The Madison Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
40%
Program Spending
Concerning — less than half to programs
30%
Admin Costs
High — over 25% on administration
30%
Fundraising
Above average fundraising costs
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 The Madison Chamber Of Commerce
Is The Madison Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, The Madison Chamber Of Commerce (EIN: 222536920) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is The Madison Chamber Of Commerce a good charity to donate to?
The Madison Chamber Of Commerce has a Mission Score of 65/100. Revenue: $158K. Assets: $198K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Madison Chamber Of Commerce?
The Employer Identification Number (EIN) for The Madison Chamber Of Commerce is 222536920. 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 The Madison Chamber Of Commerce spend its money?
The Madison Chamber Of Commerce allocates 40% to programs, 30% to administration, and 30% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Madison Chamber Of Commerce's tax-exempt status?
You can verify The Madison Chamber Of Commerce's tax-exempt status using EIN 222536920 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 Madison Chamber Of Commerce is a community improvement nonprofit based in Madison, Connecticut, with reported revenue of $158K and assets of $198K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 40% of spending goes to programs, 30% to administration, and 30% to fundraising. Executive compensation is not reported, with all filings indicating $0 paid to officers, directors, trustees, and key employees, which is unusual for an organization of this size and activity. Revenue has declined -29% across 12 filing periods.