Quick charity verification for Yarmouth Chamber Of Commerce Inc (EIN: 10356733)
Verdict: Yarmouth Chamber Of Commerce Inc appears trustworthy
75/100Mission Score
$533KRevenue
$257KAssets
3Red Flags
3Strengths
Red Flags
Significant revenue volatility, with a sharp drop in 2020 to $75,021 from previous levels.
General decline in assets over the past decade, from $404,119 in 2014 to $257,417 currently.
Periods of deficit spending, such as in 2021 and 2020, where expenses exceeded revenue.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds.
Long history of IRS 990 filings (13 filings), demonstrating transparency.
Strong revenue recovery in 2022 ($463,297) after a low in 2020.
Spending Breakdown
How Yarmouth 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 Yarmouth Chamber Of Commerce Inc
Is Yarmouth Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yarmouth Chamber Of Commerce Inc (EIN: 10356733) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Yarmouth Chamber Of Commerce Inc a good charity to donate to?
Yarmouth Chamber Of Commerce Inc has a Mission Score of 75/100. Revenue: $533K. Assets: $257K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Yarmouth Chamber Of Commerce Inc?
The Employer Identification Number (EIN) for Yarmouth Chamber Of Commerce Inc is 10356733. 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 Yarmouth Chamber Of Commerce Inc spend its money?
Yarmouth 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 Yarmouth Chamber Of Commerce Inc's tax-exempt status?
You can verify Yarmouth Chamber Of Commerce Inc's tax-exempt status using EIN 10356733 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 Yarmouth Chamber Of Commerce Inc demonstrates a fluctuating financial performance over the past decade. While the latest reported revenue of $532,632 and assets of $257,417 indicate a stable base, the organization experienced significant revenue volatility, with a low of $75,021 in 2020 and a high of $463,297 in 2022. This fluctuation, particularly the sharp drop in 2020, suggests potential vulnerability to economic shifts or changes in funding streams. The organization consistently reports 0% officer compensation, which is a positive indicator of financial stewardship and a commitment to directing funds towards its mission rather than executive salaries.
Spending efficiency appears to be reasonable, with expenses generally tracking revenue, though there were periods of deficit spending, such as in 2021 where expenses ($145,840) exceeded revenue ($112,773). The consistent reporting of 0% officer compensation across all available filings is a strong point for transparency and efficient use of funds. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The organization's asset base has also seen some decline from a high of $404,119 in 2014 to $257,417 currently, which warrants attention.
Overall, the organization exhibits good transparency regarding executive compensation. The consistent reporting of financial data through 13 filings is commendable. However, the lack of detailed expense categorization in the provided summary makes a full assessment of spending efficiency challenging. The significant revenue fluctuations and a declining asset trend over the long term suggest a need for robust financial planning and diversification of revenue sources to ensure long-term sustainability.