Altus Chamber Of Commerce Inc
EIN: 730125260 · Altus, OK
| Metric | Value |
|---|---|
| Total Revenue | $927K |
| Total Expenses | $990K |
| Net Assets | $223K |
Is Altus Chamber Of Commerce Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Altus Chamber Of Commerce Inc
Altus Chamber Of Commerce Inc (EIN: 730125260) is a nonprofit organization based in Altus, OK. The organization reported total revenue of $927K and total assets of $365K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altus Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Altus Chamber Of Commerce Inc is a small nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $990K |
| Surplus / Deficit | +$19K |
| Total Assets | $243K |
| Total Liabilities | $20K |
| Net Assets | $223K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Altus Chamber Of Commerce Inc reported a surplus of $19K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Altus Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +33.1% | +23.6% |
| 2022 | +13.1% | +11.8% | +46.5% |
| 2021 | +20.1% | +17.9% | +185.1% |
| 2020 | -12.5% | -18.2% | +404.3% |
| 2019 | +0.3% | -1.1% | -77.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Altus Chamber Of Commerce Inc 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 Altus Chamber Of Commerce Inc 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 surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Altus Chamber Of Commerce Inc
Is Altus Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Altus Chamber Of Commerce Inc (EIN: 730125260) insufficient data. 0 red flags identified, 0 strengths noted.
How does Altus Chamber Of Commerce Inc spend its money?
Detailed spending breakdown data is not yet available for Altus Chamber Of Commerce Inc. Check back for updated IRS 990 analysis.
Are donations to Altus Chamber Of Commerce Inc tax-deductible?
Altus Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 730125260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Altus Chamber Of Commerce Inc located?
Altus Chamber Of Commerce Inc is headquartered in Altus, Oklahoma and files with the IRS under EIN 730125260.
How many years of IRS 990 filings does Altus Chamber Of Commerce Inc have?
Altus Chamber Of Commerce Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $927K in total revenue.
Filing History
IRS 990 filing history for Altus Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Altus Chamber Of Commerce Inc's revenue has grown by 97.5%, moving from $511K to $1.0M. Total assets increased by 444.6% over the same period, from $45K to $243K. Total functional expenses rose by 88.2%, from $526K to $990K. In its most recent filing year (2023), Altus Chamber Of Commerce Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $20K in liabilities against $243K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $990K | $243K | $20K | — | — |
| 2022 | $816K | $744K | $197K | $18K | — | View 990 |
| 2021 | $722K | $665K | $134K | $48K | — | View 990 |
| 2020 | $601K | $564K | $47K | $14K | — | — |
| 2019 | $687K | $690K | $9K | $13K | — | View 990 |
| 2018 | $685K | $698K | $41K | $42K | — | View 990 |
| 2017 | $652K | $652K | $26K | $14K | — | — |
| 2016 | $705K | $704K | $24K | $11K | — | View 990 |
| 2015 | $611K | $620K | $25K | $14K | — | View 990 |
| 2014 | $536K | $532K | $28K | $7K | — | View 990 |
| 2013 | $444K | $453K | $25K | $9K | — | View 990 |
| 2012 | $491K | $502K | $32K | $7K | — | View 990 |
| 2011 | $511K | $526K | $45K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $990K, and assets of $243K (revenue +23.6% year-over-year).
- 2022: Revenue of $816K, expenses of $744K, and assets of $197K (revenue +13.1% year-over-year).
- 2021: Revenue of $722K, expenses of $665K, and assets of $134K (revenue +20.1% year-over-year).
- 2020: Revenue of $601K, expenses of $564K, and assets of $47K (revenue -12.5% year-over-year).
- 2019: Revenue of $687K, expenses of $690K, and assets of $9K (revenue +0.3% year-over-year).
- 2018: Revenue of $685K, expenses of $698K, and assets of $41K (revenue +5.1% year-over-year).
- 2017: Revenue of $652K, expenses of $652K, and assets of $26K (revenue -7.6% year-over-year).
- 2016: Revenue of $705K, expenses of $704K, and assets of $24K (revenue +15.5% year-over-year).
- 2015: Revenue of $611K, expenses of $620K, and assets of $25K (revenue +14.0% year-over-year).
- 2014: Revenue of $536K, expenses of $532K, and assets of $28K (revenue +20.7% year-over-year).
- 2013: Revenue of $444K, expenses of $453K, and assets of $25K (revenue -9.5% year-over-year).
- 2012: Revenue of $491K, expenses of $502K, and assets of $32K (revenue -4.0% year-over-year).
- 2011: Revenue of $511K, expenses of $526K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Altus Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Altus Chamber Of Commerce Inc 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.