Camara De Comercio Latina Del Condado Boulder Latino Chamber Of
Boulder Latino Chamber Of maintains stable assets and zero liabilities, with increasing revenue and expenses.
EIN: 201467359 · Longmont, CO · NTEE: S41 · Updated: 2026-03-28
Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Camara De Comercio Latina Del Condado Boulder Latino Chamber Of
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of (EIN: 201467359) is a nonprofit organization based in Longmont, CO, classified under NTEE code S41. The organization reported total revenue of $193K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $194K |
| Surplus / Deficit | $-11,279 |
| Total Assets | $217K |
| Net Assets | $217K |
| Operating Margin | -6.2% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2023, Camara De Comercio Latina Del Condado Boulder Latino Chamber Of reported a deficit of $11K with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | +45.2% | -5.0% |
| 2022 | -5.9% | +143.6% | -1.6% |
| 2021 | +0.0% | +54.1% | +60.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
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 Camara De Comercio Latina Del Condado Boulder Latino Chamber Of with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Camara De Comercio Latina Del Condado Boulder Latino Chamber Of allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean executive structure.
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 Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($193,834 expenses vs. $182,555 revenue), indicating a deficit for that period, though this could be covered by reserves.
Strengths
The following positive indicators were identified for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of:
- Consistent reporting of 0% officer compensation, indicating resources are not used for executive salaries.
- Zero liabilities reported in the last three fiscal periods (2021-2023), demonstrating strong financial stability.
- Significant growth in assets from $143,953 in 2020 to $216,571 in 2023, indicating effective asset management.
- Increasing revenue over the years, suggesting growing support and program reach.
Frequently Asked Questions about Camara De Comercio Latina Del Condado Boulder Latino Chamber Of
Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of a legitimate charity?
Based on AI analysis of IRS 990 filings, Camara De Comercio Latina Del Condado Boulder Latino Chamber Of (EIN: 201467359) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Camara De Comercio Latina Del Condado Boulder Latino Chamber Of spend its money?
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Camara De Comercio Latina Del Condado Boulder Latino Chamber Of tax-deductible?
Camara De Comercio Latina Del Condado Boulder Latino Chamber Of is registered as a tax-exempt nonprofit (EIN: 201467359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Camara De Comercio Latina Del Condado Boulder Latino Chamber Of a good charity?
Based on the available IRS 990 data, the organization appears to be a financially sound and well-managed nonprofit. It maintains healthy assets, consistently reports zero liabilities in recent years, and shows no officer compensation, suggesting a strong commitment to directing funds towards its mission. Its revenue and expenses have grown, indicating an expanding operational scope.
How has the organization's financial health changed over the past few years?
The organization's financial health has improved significantly. Assets grew from $143,953 in 2020 to $216,571 in 2023. Liabilities, which were $20,721 in 2020, have been consistently reported as $0 from 2021 to 2023, indicating a strong balance sheet.
What is the trend in revenue and expenses?
Both revenue and expenses have shown an upward trend. Revenue increased from $137,890 in 2020 to $182,555 in 2023, while expenses rose from $35,570 in 2020 to $193,834 in 2023. This suggests an expansion of activities and operations.
Filing History
IRS 990 filing history for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Camara De Comercio Latina Del Condado Boulder Latino Chamber Of's revenue has grown by 32.4%, moving from $138K to $183K. Total assets increased by 50.4% over the same period, from $144K to $217K. Total functional expenses rose by 444.9%, from $36K to $194K. In its most recent filing year (2023), Camara De Comercio Latina Del Condado Boulder Latino Chamber Of reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $194K | $217K | $0 | — | — |
| 2022 | $130K | $134K | $228K | $0 | — | View 990 |
| 2021 | $138K | $55K | $232K | $0 | — | View 990 |
| 2020 | $138K | $36K | $144K | $21K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $183K, expenses of $194K, and assets of $217K (revenue +40.6% year-over-year).
- 2022: Revenue of $130K, expenses of $134K, and assets of $228K (revenue -5.9% year-over-year).
- 2021: Revenue of $138K, expenses of $55K, and assets of $232K (revenue +0.0% year-over-year).
- 2020: Revenue of $138K, expenses of $36K, and assets of $144K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of:
Data Sources and Methodology
This transparency report for Camara De Comercio Latina Del Condado Boulder Latino Chamber Of 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.