Quick charity verification for Tri City Regional Chamber Ofcommerce (EIN: 204120487)
Verdict: Tri City Regional Chamber Ofcommerce appears trustworthy
85/100Mission Score
$1.2MRevenue
$859KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising)
Unclear executive compensation structure given 0% reported officer comp for an organization of this size
Strengths
Consistent revenue growth, with 2023 revenue at $1,774,069, up from $1,211,055 in 2022.
Healthy asset growth, reaching $1,084,147 in 2023 from $654,242 in 2022.
Positive net income in most recent years, indicating financial stability (e.g., $400,933 surplus in 2023).
Low liabilities relative to assets (e.g., $59,959 liabilities vs. $1,084,147 assets in 2023).
Consistent IRS 990 filing history, demonstrating compliance and transparency.
Spending Breakdown
How Tri City Regional Chamber Ofcommerce 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 Tri City Regional Chamber Ofcommerce
Is Tri City Regional Chamber Ofcommerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri City Regional Chamber Ofcommerce (EIN: 204120487) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Tri City Regional Chamber Ofcommerce a good charity to donate to?
Tri City Regional Chamber Ofcommerce has a Mission Score of 85/100. Revenue: $1.2M. Assets: $859K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tri City Regional Chamber Ofcommerce?
The Employer Identification Number (EIN) for Tri City Regional Chamber Ofcommerce is 204120487. 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 Tri City Regional Chamber Ofcommerce spend its money?
Tri City Regional Chamber Ofcommerce allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tri City Regional Chamber Ofcommerce's tax-exempt status?
You can verify Tri City Regional Chamber Ofcommerce's tax-exempt status using EIN 204120487 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 Tri City Regional Chamber Ofcommerce demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, leading to a healthy growth in assets. For example, in 2023, revenue was $1,774,069 against expenses of $1,373,136, contributing to assets reaching $1,084,147. The organization appears to manage its finances prudently, maintaining a positive net asset position and relatively low liabilities, such as $59,959 in 2023. This financial stability suggests a well-managed operation capable of sustaining its activities.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the consistent surplus of revenue over expenses in most recent periods indicates that the organization is not overspending its income. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation is categorized differently, which could be a point for further inquiry regarding transparency.
Overall, the organization exhibits good financial health with growing assets and controlled liabilities. The lack of reported officer compensation is a notable aspect, potentially indicating a highly efficient operational model or a need for more detailed disclosure regarding executive benefits if they exist in other forms. The consistent filing history and positive financial trends point towards a stable and accountable entity.