Is West Michigan Hispanic Chamber Of Commerce Inc Legit?
Quick charity verification for West Michigan Hispanic Chamber Of Commerce Inc (EIN: 201483629)
Verdict: West Michigan Hispanic Chamber Of Commerce Inc appears trustworthy
85/100Mission Score
$3.5MRevenue
$3.0MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing (202312) by $328,712.
Increase in liabilities from $0 in earlier years to $310,520 in 2023, requiring further scrutiny.
Strengths
Significant and consistent revenue growth over the past decade, from $130,379 in 2014 to $1,074,768 in 2023.
Strong asset growth, from $49,868 in 2014 to $764,799 in 2023.
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
Positive net assets in most years, demonstrating financial stability.
Spending Breakdown
How West Michigan Hispanic 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 West Michigan Hispanic Chamber Of Commerce Inc
Is West Michigan Hispanic Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, West Michigan Hispanic Chamber Of Commerce Inc (EIN: 201483629) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is West Michigan Hispanic Chamber Of Commerce Inc a good charity to donate to?
West Michigan Hispanic Chamber Of Commerce Inc has a Mission Score of 85/100. Revenue: $3.5M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for West Michigan Hispanic Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for West Michigan Hispanic Chamber Of Commerce Inc is 201483629. 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 West Michigan Hispanic Chamber Of Commerce Inc spend its money?
West Michigan Hispanic 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 West Michigan Hispanic Chamber Of Commerce Inc's tax-exempt status?
You can verify West Michigan Hispanic Chamber Of Commerce Inc's tax-exempt status using EIN 201483629 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 West Michigan Hispanic Chamber Of Commerce Inc demonstrates a generally healthy financial trajectory, marked by significant growth in revenue and assets over the past decade. While the latest filing (202312) shows expenses exceeding revenue by approximately $328,712 ($1,403,480 expenses vs. $1,074,768 revenue), this appears to be an anomaly following several years of revenue exceeding expenses. The organization's assets have also seen substantial growth, from $49,868 in 2014 to $764,799 in 2023, indicating a growing financial base. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive pay, which is a positive indicator of financial efficiency and transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The increase in liabilities to $310,520 in 2023 from $0 in earlier years warrants closer examination to understand its nature and impact on long-term financial stability.