Atlantic City Chamber Of Commerce
Atlantic City Chamber of Commerce experiences significant revenue decline and frequent operating deficits.
EIN: 210398240 · Northfield, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $299K |
| Total Expenses | $651K |
| Program Spending | 60% |
| Net Assets | $579 |
| Transparency Score | 55/100 |
Is Atlantic City Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic City Chamber Of Commerce directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Atlantic City Chamber Of Commerce
Atlantic City Chamber Of Commerce (EIN: 210398240) is a nonprofit organization based in Northfield, NJ. The organization reported total revenue of $299K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic City Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlantic City Chamber Of Commerce is a small nonprofit that has been operating for 84 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $570K |
| Total Expenses | $651K |
| Surplus / Deficit | $-80,476 |
| Total Assets | $505K |
| Total Liabilities | $504K |
| Net Assets | $579 |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 99.9% |
| Months of Reserves | 9.3 months |
Financial Health Grade: C
In 2023, Atlantic City Chamber Of Commerce reported a deficit of $80K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Atlantic City Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +43.8% | +1.0% |
| 2022 | +52.2% | +59.2% | +38.1% |
| 2021 | -67.5% | -72.3% | +185.4% |
| 2020 | +0.9% | -6.0% | -17.8% |
| 2019 | +4.4% | +2.0% | -38.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic City Chamber Of Commerce with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Atlantic City Chamber Of Commerce allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.9%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting either an all-volunteer leadership or compensation is categorized differently, which would require further detail to fully understand.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Atlantic City Chamber Of Commerce's IRS 990 filings:
- Significant and sustained decline in revenue from over $1 million to under $600,000 in recent years.
- Frequent operating deficits where expenses exceed revenue (e.g., $650,859 expenses vs. $570,383 revenue in 2023).
- Liabilities frequently represent a substantial portion of, or even exceed, total assets (e.g., $503,961 liabilities vs. $504,540 assets in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in the summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Atlantic City Chamber Of Commerce:
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance.
- Ability to maintain operations despite fluctuating revenues and occasional deficits.
- Zero reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in this area.
Frequently Asked Questions about Atlantic City Chamber Of Commerce
Is Atlantic City Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic City Chamber Of Commerce (EIN: 210398240) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Atlantic City Chamber Of Commerce spend its money?
Atlantic City Chamber Of Commerce directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic City Chamber Of Commerce tax-deductible?
Atlantic City Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 210398240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atlantic City Chamber Of Commerce's spending goes to programs?
Atlantic City Chamber Of Commerce directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Atlantic City Chamber Of Commerce located?
Atlantic City Chamber Of Commerce is headquartered in Northfield, New Jersey and files with the IRS under EIN 210398240.
How many years of IRS 990 filings does Atlantic City Chamber Of Commerce have?
Atlantic City Chamber Of Commerce has 12 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 $299K in total revenue.
What caused the significant drop in revenue from over $1 million in 2020 to $570,383 in 2023?
The provided data does not specify the reasons for the revenue decline, but it is a notable trend that warrants further investigation into funding sources and economic factors affecting the organization.
How does the organization manage to operate with expenses frequently exceeding revenue, as seen in 2023 ($650,859 expenses vs. $570,383 revenue)?
Operating deficits suggest the organization may be drawing from reserves, incurring debt, or relying on prior period surpluses. The high liabilities in some years (e.g., $503,961 in 2023) could indicate reliance on borrowed funds or deferred payments.
Are the officers truly unpaid, or is their compensation reported under other expense lines?
The 0% officer compensation reported consistently across filings suggests either volunteer leadership or that compensation is embedded within other expense categories, which would require reviewing the full 990 forms for clarity.
What is the specific breakdown of program, administrative, and fundraising expenses?
The summary data does not provide this level of detail. A full IRS Form 990 would be needed to analyze the organization's spending efficiency across these categories.
What is the plan to address the recurring pattern of expenses exceeding revenue?
The provided data does not include strategic plans. Addressing this would likely involve revenue diversification, cost-cutting measures, or a combination of both to ensure long-term financial sustainability.
Filing History
IRS 990 filing history for Atlantic City Chamber Of Commerce showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Atlantic City Chamber Of Commerce's revenue has declined by 16.3%, moving from $682K to $570K. Total assets increased by 133.8% over the same period, from $216K to $505K. Total functional expenses fell by 5.8%, from $691K to $651K. In its most recent filing year (2023), Atlantic City Chamber Of Commerce reported a deficit of $80K, with expenses exceeding revenue. The organization holds $504K in liabilities against $505K in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $579.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $570K | $651K | $505K | $504K | — | View 990 |
| 2022 | $550K | $453K | $500K | $419K | — | View 990 |
| 2021 | $361K | $284K | $362K | $378K | — | View 990 |
| 2020 | $1.1M | $1.0M | $127K | $220K | — | View 990 |
| 2019 | $1.1M | $1.1M | $154K | $331K | — | View 990 |
| 2018 | $1.1M | $1.1M | $250K | $443K | — | — |
| 2017 | $1.1M | $1.0M | $321K | $473K | — | View 990 |
| 2016 | $917K | $1.3M | $239K | $457K | — | View 990 |
| 2015 | $1.2M | $1.1M | $277K | $126K | — | View 990 |
| 2014 | $931K | $946K | $137K | $84K | — | View 990 |
| 2013 | $739K | $751K | $155K | $85K | — | View 990 |
| 2012 | $682K | $691K | $216K | $134K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $570K, expenses of $651K, and assets of $505K (revenue +3.7% year-over-year).
- 2022: Revenue of $550K, expenses of $453K, and assets of $500K (revenue +52.2% year-over-year).
- 2021: Revenue of $361K, expenses of $284K, and assets of $362K (revenue -67.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $127K (revenue +0.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $154K (revenue +4.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $250K (revenue -1.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $321K (revenue +17.1% year-over-year).
- 2016: Revenue of $917K, expenses of $1.3M, and assets of $239K (revenue -23.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $277K (revenue +28.3% year-over-year).
- 2014: Revenue of $931K, expenses of $946K, and assets of $137K (revenue +25.9% year-over-year).
- 2013: Revenue of $739K, expenses of $751K, and assets of $155K (revenue +8.5% year-over-year).
- 2012: Revenue of $682K, expenses of $691K, and assets of $216K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantic City Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Atlantic City Chamber Of Commerce 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.