Bessemer Chamber Of Commerce
EIN: 630020120 · Bessemer, AL
Is Bessemer Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bessemer Chamber Of Commerce
Bessemer Chamber Of Commerce (EIN: 630020120) is a nonprofit organization based in Bessemer, AL. The organization reported total revenue of $367K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bessemer Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bessemer Chamber Of Commerce is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $335K |
| Surplus / Deficit | +$47K |
| Total Assets | $40K |
| Total Liabilities | $18K |
| Net Assets | $21K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2023, Bessemer Chamber Of Commerce reported a surplus of $47K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bessemer Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | -7.0% | +218.0% |
| 2022 | +4.7% | +20.1% | -61.4% |
| 2021 | +10.9% | +20.9% | -16.8% |
| 2020 | +0.1% | -24.4% | +87.4% |
| 2019 | -5.5% | +12.4% | -70.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bessemer Chamber Of Commerce 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 Bessemer Chamber Of Commerce 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 $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.4%.
Frequently Asked Questions about Bessemer Chamber Of Commerce
Is Bessemer Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Bessemer Chamber Of Commerce (EIN: 630020120) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bessemer Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Bessemer Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Bessemer Chamber Of Commerce tax-deductible?
Bessemer Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 630020120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bessemer Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bessemer Chamber Of Commerce's revenue has grown by 81.7%, moving from $210K to $382K. Total assets increased by 20.4% over the same period, from $33K to $40K. Total functional expenses rose by 36.4%, from $245K to $335K. In its most recent filing year (2023), Bessemer Chamber Of Commerce reported a surplus of $47K, with revenue exceeding expenses. The organization holds $18K in liabilities against $40K in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $382K | $335K | $40K | $18K | — | — |
| 2022 | $314K | $360K | $12K | $38K | — | — |
| 2021 | $299K | $300K | $32K | $12K | — | View 990 |
| 2020 | $270K | $248K | $39K | $18K | — | — |
| 2019 | $270K | $328K | $21K | $22K | — | View 990 |
| 2018 | $285K | $292K | $70K | $13K | — | View 990 |
| 2017 | $253K | $279K | $73K | $10K | — | — |
| 2016 | $255K | $238K | $92K | $3K | — | View 990 |
| 2015 | $279K | $227K | $97K | $25K | — | View 990 |
| 2014 | $221K | $240K | $34K | $15K | — | View 990 |
| 2013 | $266K | $251K | $42K | $3K | — | View 990 |
| 2012 | $212K | $218K | $27K | $3K | — | View 990 |
| 2011 | $210K | $245K | $33K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $382K, expenses of $335K, and assets of $40K (revenue +21.7% year-over-year).
- 2022: Revenue of $314K, expenses of $360K, and assets of $12K (revenue +4.7% year-over-year).
- 2021: Revenue of $299K, expenses of $300K, and assets of $32K (revenue +10.9% year-over-year).
- 2020: Revenue of $270K, expenses of $248K, and assets of $39K (revenue +0.1% year-over-year).
- 2019: Revenue of $270K, expenses of $328K, and assets of $21K (revenue -5.5% year-over-year).
- 2018: Revenue of $285K, expenses of $292K, and assets of $70K (revenue +12.8% year-over-year).
- 2017: Revenue of $253K, expenses of $279K, and assets of $73K (revenue -0.9% year-over-year).
- 2016: Revenue of $255K, expenses of $238K, and assets of $92K (revenue -8.3% year-over-year).
- 2015: Revenue of $279K, expenses of $227K, and assets of $97K (revenue +26.0% year-over-year).
- 2014: Revenue of $221K, expenses of $240K, and assets of $34K (revenue -16.9% year-over-year).
- 2013: Revenue of $266K, expenses of $251K, and assets of $42K (revenue +25.4% year-over-year).
- 2012: Revenue of $212K, expenses of $218K, and assets of $27K (revenue +1.0% year-over-year).
- 2011: Revenue of $210K, expenses of $245K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bessemer Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Bessemer 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.