African Chamber Of Commerce Of Colorado Usa
EIN: 474617014 · Denver, CO · NTEE: S43
| Metric | Value |
|---|---|
| Total Revenue | $944K |
| Total Expenses | $271K |
| Net Assets | $0 |
Is African Chamber Of Commerce Of Colorado Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African Chamber Of Commerce Of Colorado Usa
African Chamber Of Commerce Of Colorado Usa (EIN: 474617014) is a nonprofit organization based in Denver, CO, classified under NTEE code S43. The organization reported total revenue of $944K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Chamber Of Commerce Of Colorado Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Chamber Of Commerce Of Colorado Usa is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $271K |
| Surplus / Deficit | $-61,254 |
| Total Assets | $1.5M |
| Total Liabilities | $1.5M |
| Net Assets | $0 |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 67.3 months |
Financial Health Grade: C
In 2023, African Chamber Of Commerce Of Colorado Usa reported a deficit of $61K with expenses exceeding revenue, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), African Chamber Of Commerce Of Colorado Usa's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.5% | -61.8% | — |
| 2022 | +422.9% | +341.9% | — |
| 2021 | +31.6% | -28.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African Chamber Of Commerce Of Colorado Usa has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African Chamber Of Commerce Of Colorado Usa with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about African Chamber Of Commerce Of Colorado Usa
Is African Chamber Of Commerce Of Colorado Usa a legitimate charity?
African Chamber Of Commerce Of Colorado Usa (EIN: 474617014) is a registered tax-exempt nonprofit based in Colorado. It has 4 years of IRS 990 filings on record. Total revenue: $944K. No red flags identified. Financial health grade: C.
How does African Chamber Of Commerce Of Colorado Usa spend its money?
African Chamber Of Commerce Of Colorado Usa reported $944K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to African Chamber Of Commerce Of Colorado Usa tax-deductible?
African Chamber Of Commerce Of Colorado Usa is registered as a tax-exempt nonprofit (EIN: 474617014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African Chamber Of Commerce Of Colorado Usa located?
African Chamber Of Commerce Of Colorado Usa is headquartered in Denver, Colorado and files with the IRS under EIN 474617014. It is classified under NTEE code S43.
How many years of IRS 990 filings does African Chamber Of Commerce Of Colorado Usa have?
African Chamber Of Commerce Of Colorado Usa has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $944K in total revenue.
Filing History
IRS 990 filing history for African Chamber Of Commerce Of Colorado Usa showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), African Chamber Of Commerce Of Colorado Usa's revenue has declined by 0.2%, moving from $210K to $210K. Total functional expenses rose by 21.1%, from $224K to $271K. In its most recent filing year (2023), African Chamber Of Commerce Of Colorado Usa reported a deficit of $61K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.5M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $271K | $1.5M | $1.5M | — | — |
| 2022 | $1.4M | $709K | $0 | $0 | — | View 990 |
| 2021 | $276K | $160K | $0 | $0 | — | View 990 |
| 2020 | $210K | $224K | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $271K, and assets of $1.5M (revenue -85.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $709K, and assets of $0 (revenue +422.9% year-over-year).
- 2021: Revenue of $276K, expenses of $160K, and assets of $0 (revenue +31.6% year-over-year).
- 2020: Revenue of $210K, expenses of $224K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Chamber Of Commerce Of Colorado Usa:
Data Sources and Methodology
This transparency report for African Chamber Of Commerce Of Colorado Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.