Cape May County Chamber Of Commerce

Cape May County Chamber of Commerce maintains stable revenue and growing assets, with no reported officer compensation, despite recent operational deficits.

EIN: 210698652 · Cape May Ch, NJ · Updated: 2026-03-28

$698KRevenue

$745KAssets

75/100Mission Score (Good)

About Cape May County Chamber Of Commerce

Cape May County Chamber Of Commerce (EIN: 210698652) is a nonprofit organization based in Cape May Ch, NJ. The organization reported total revenue of $698K and total assets of $745K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape May County Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Cape May County Chamber of Commerce demonstrates a generally stable financial position, with revenues consistently in the range of $600,000 to $800,000 over the past decade. While there have been fluctuations, such as a significant surplus in 2021 ($802,009 revenue vs. $505,651 expenses) and deficits in 2022 and 2023, the organization maintains a healthy asset base, growing from $271,802 in 2015 to $911,314 in 2023. This growth in assets, alongside a corresponding increase in liabilities, suggests ongoing operational activity and investment.

The organization's spending efficiency appears reasonable for a chamber of commerce, which often involves significant administrative and event-related costs. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing executive pay, which is a positive sign for transparency and resource allocation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The deficits in recent years (e.g., $711,369 expenses against $680,549 revenue in 2023) warrant attention to ensure long-term sustainability.

Transparency is strong regarding executive compensation, with no reported officer compensation. However, the absence of NTEE code information and a detailed functional expense breakdown in the provided data limits a deeper analysis of program focus and operational efficiency. The consistent filing of IRS Form 990s over many years indicates good compliance with reporting requirements.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cape May County Chamber Of Commerce with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Cape May County Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for resource allocation relative to its size.

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 Cape May County Chamber Of Commerce's IRS 990 filings:

Operational deficits in recent years (2022 and 2023)
Lack of detailed functional expense breakdown in provided data

Strengths

The following positive indicators were identified for Cape May County Chamber Of Commerce:

Consistent revenue generation over a decade
Significant growth in assets over time (from $271,802 in 2015 to $911,314 in 2023)
0% reported officer compensation, indicating strong financial stewardship
Consistent IRS 990 filing history (13 filings)
Healthy asset base relative to annual revenue

Frequently Asked Questions about Cape May County Chamber Of Commerce

Is Cape May County Chamber Of Commerce financially stable?

Yes, the organization appears generally stable with consistent revenues and growing assets, though recent deficits in 2022 and 2023 (e.g., $711,369 expenses vs. $680,549 revenue in 2023) suggest a need to monitor expenditure against income.

How does the organization manage executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that no officers are compensated, which is a strong positive for financial stewardship.

What is the trend in the organization's assets?

Assets have shown a significant upward trend, growing from $271,802 in 2015 to $911,314 in 2023, indicating financial growth and potentially increased capacity.

Are there any concerns about recent financial performance?

Yes, the organization experienced operational deficits in 2022 and 2023, with expenses exceeding revenue. For example, in 2023, expenses were $711,369 against revenues of $680,549, which warrants monitoring.

Filing History

IRS 990 filing history for Cape May County Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cape May County Chamber Of Commerce's revenue has grown by 9.8%, moving from $620K to $681K. Total assets increased by 193.9% over the same period, from $310K to $911K. Total functional expenses rose by 14.6%, from $621K to $711K. In its most recent filing year (2023), Cape May County Chamber Of Commerce reported a deficit of $31K, with expenses exceeding revenue. The organization holds $480K in liabilities against $911K in assets (debt-to-asset ratio: 52.7%), resulting in net assets of $431K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$681K	$711K	$911K	$480K	—	View 990
2022	$693K	$739K	$943K	$481K	—	View 990
2021	$802K	$506K	$931K	$423K	—	View 990
2020	$631K	$616K	$451K	$239K	—	—
2019	$687K	$666K	$354K	$157K	—	View 990
2018	$699K	$670K	$334K	$158K	—	View 990
2017	$639K	$655K	$309K	$161K	—	View 990
2016	$641K	$633K	$310K	$146K	—	View 990
2015	$627K	$646K	$272K	$115K	—	View 990
2014	$663K	$641K	$294K	$119K	—	View 990
2013	$643K	$632K	$297K	$143K	—	View 990
2012	$621K	$619K	$295K	$152K	—	View 990
2011	$620K	$621K	$310K	$169K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $681K, expenses of $711K, and assets of $911K (revenue -1.8% year-over-year).
2022: Revenue of $693K, expenses of $739K, and assets of $943K (revenue -13.6% year-over-year).
2021: Revenue of $802K, expenses of $506K, and assets of $931K (revenue +27.0% year-over-year).
2020: Revenue of $631K, expenses of $616K, and assets of $451K (revenue -8.1% year-over-year).
2019: Revenue of $687K, expenses of $666K, and assets of $354K (revenue -1.7% year-over-year).
2018: Revenue of $699K, expenses of $670K, and assets of $334K (revenue +9.4% year-over-year).
2017: Revenue of $639K, expenses of $655K, and assets of $309K (revenue -0.3% year-over-year).
2016: Revenue of $641K, expenses of $633K, and assets of $310K (revenue +2.2% year-over-year).
2015: Revenue of $627K, expenses of $646K, and assets of $272K (revenue -5.4% year-over-year).
2014: Revenue of $663K, expenses of $641K, and assets of $294K (revenue +3.0% year-over-year).
2013: Revenue of $643K, expenses of $632K, and assets of $297K (revenue +3.5% year-over-year).
2012: Revenue of $621K, expenses of $619K, and assets of $295K (revenue +0.2% year-over-year).
2011: Revenue of $620K, expenses of $621K, and assets of $310K.

Data Sources and Methodology

This transparency report for Cape May County 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.