Quick charity verification for Tompkins County Chamber Of Commerce Inc (EIN: 150348795)
Verdict: Tompkins County Chamber Of Commerce Inc appears trustworthy
85/100Mission Score
$3.1MRevenue
$2.9MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown to verify program efficiency
Significant increase in liabilities from $398,818 in 2021 to $1,447,977 in 2023, warranting further investigation
Strengths
Consistent financial stability with revenues generally covering expenses (e.g., 2023: Revenue $2,600,317, Expenses $2,564,070)
Significant growth in assets, nearly doubling from $1,375,019 in 2020 to $2,802,815 in 2023
No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Spending Breakdown
How Tompkins County 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 Tompkins County Chamber Of Commerce Inc
Is Tompkins County Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tompkins County Chamber Of Commerce Inc (EIN: 150348795) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Tompkins County Chamber Of Commerce Inc a good charity to donate to?
Tompkins County Chamber Of Commerce Inc has a Mission Score of 85/100. Revenue: $3.1M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tompkins County Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Tompkins County Chamber Of Commerce Inc is 150348795. 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 Tompkins County Chamber Of Commerce Inc spend its money?
Tompkins County 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 Tompkins County Chamber Of Commerce Inc's tax-exempt status?
You can verify Tompkins County Chamber Of Commerce Inc's tax-exempt status using EIN 150348795 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 Tompkins County Chamber Of Commerce Inc demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenue was $2,600,317 against expenses of $2,564,070, indicating a relatively balanced budget. The organization has shown significant growth in assets, nearly doubling from $1,375,019 in 2020 to $2,802,815 in 2023, which could reflect strategic investments or accumulation of reserves. Liabilities have also increased, though at a slower pace than assets, suggesting a healthy financial position.
The organization's financial health appears stable, with a consistent ability to cover its operational costs. The absence of reported officer compensation across all available filings is a notable point regarding executive remuneration, suggesting that top leadership may be compensated through other means or that the organization operates with a volunteer-led executive structure. This practice, if consistent, could contribute to lower administrative overhead.
While specific program spending ratios are not provided in the raw data, the overall financial picture suggests a well-managed entity. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency. Further analysis would require detailed breakdowns of expenses to fully assess spending efficiency across programs, administration, and fundraising.