Boyne City Chamber Of Commerce
EIN: 381421641 · Boyne City, MI · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $192K |
| Total Expenses | $241K |
| Net Assets | $85K |
Is Boyne City 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 Boyne City Chamber Of Commerce
Boyne City Chamber Of Commerce (EIN: 381421641) is a nonprofit organization based in Boyne City, MI, classified under NTEE code S41. The organization reported total revenue of $192K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boyne City Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boyne City Chamber Of Commerce is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $267K |
| Total Expenses | $241K |
| Surplus / Deficit | +$26K |
| Total Assets | $110K |
| Total Liabilities | $25K |
| Net Assets | $85K |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 22.6% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Boyne City Chamber Of Commerce reported a surplus of $26K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 22.6% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Boyne City Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.6% | +11.4% | +32.4% |
| 2022 | -9.4% | +10.3% | -39.6% |
| 2021 | -4.9% | +12.9% | -1.7% |
| 2020 | -0.3% | -22.4% | +27.8% |
| 2019 | -4.9% | +15.3% | -20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boyne City 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 Boyne City 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 $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.6%.
Frequently Asked Questions about Boyne City Chamber Of Commerce
Is Boyne City Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Boyne City Chamber Of Commerce (EIN: 381421641) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boyne City Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Boyne City Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Boyne City Chamber Of Commerce tax-deductible?
Boyne City Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 381421641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boyne City Chamber Of Commerce located?
Boyne City Chamber Of Commerce is headquartered in Boyne City, Michigan and files with the IRS under EIN 381421641. It is classified under NTEE code S41.
How many years of IRS 990 filings does Boyne City Chamber Of Commerce have?
Boyne City Chamber Of Commerce has 8 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 $192K in total revenue.
Filing History
IRS 990 filing history for Boyne City Chamber Of Commerce showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Boyne City Chamber Of Commerce's revenue has grown by 37.1%, moving from $195K to $267K. Total assets decreased by 50.7% over the same period, from $222K to $110K. Total functional expenses rose by 27%, from $190K to $241K. In its most recent filing year (2023), Boyne City Chamber Of Commerce reported a surplus of $26K, with revenue exceeding expenses. The organization holds $25K in liabilities against $110K in assets (debt-to-asset ratio: 22.6%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $267K | $241K | $110K | $25K | — | — |
| 2022 | $171K | $217K | $83K | $24K | — | View 990 |
| 2021 | $189K | $197K | $137K | $32K | — | View 990 |
| 2020 | $198K | $174K | $139K | $27K | — | — |
| 2019 | $199K | $225K | $109K | $20K | — | View 990 |
| 2018 | $209K | $195K | $137K | $23K | — | View 990 |
| 2017 | $200K | $182K | $243K | $20K | — | View 990 |
| 2016 | $195K | $190K | $222K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $267K, expenses of $241K, and assets of $110K (revenue +56.6% year-over-year).
- 2022: Revenue of $171K, expenses of $217K, and assets of $83K (revenue -9.4% year-over-year).
- 2021: Revenue of $189K, expenses of $197K, and assets of $137K (revenue -4.9% year-over-year).
- 2020: Revenue of $198K, expenses of $174K, and assets of $139K (revenue -0.3% year-over-year).
- 2019: Revenue of $199K, expenses of $225K, and assets of $109K (revenue -4.9% year-over-year).
- 2018: Revenue of $209K, expenses of $195K, and assets of $137K (revenue +4.5% year-over-year).
- 2017: Revenue of $200K, expenses of $182K, and assets of $243K (revenue +2.6% year-over-year).
- 2016: Revenue of $195K, expenses of $190K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boyne City Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Boyne 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.