Chaldean American Chamber Of Commerce

Is Chaldean American 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 →

Chaldean American Chamber Of Commerce directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Chaldean American Chamber Of Commerce

Chaldean American Chamber Of Commerce (EIN: 161657532) is a nonprofit organization based in Farmington Hills, MI, classified under NTEE code S41. The organization reported total revenue of $1.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chaldean American Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Chaldean American Chamber Of Commerce 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Chaldean American Chamber Of Commerce allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories.

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 Chaldean American Chamber Of Commerce's IRS 990 filings:

• Lack of detailed program spending breakdown in provided data makes it difficult to fully assess program efficiency.
• Consistent 0% officer compensation is unusual and might warrant further investigation into how leadership is compensated or if it's entirely volunteer-driven.

Strengths

The following positive indicators were identified for Chaldean American Chamber Of Commerce:

• Consistent revenue growth over the past decade, from $586,411 in 2014 to $823,386 in 2023.
• Significant asset accumulation, growing from $182,060 in 2014 to $836,293 in 2023.
• Very low liabilities relative to assets, indicating strong financial solvency (e.g., $836,293 assets vs. $5,592 liabilities in 2023).
• Reported 0% officer compensation, suggesting a strong commitment to directing funds towards the mission or a volunteer-led executive structure.
• Positive net income in most years, allowing for reinvestment and growth.

Frequently Asked Questions about Chaldean American Chamber Of Commerce

Filing History

IRS 990 filing history for Chaldean American Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Chaldean American Chamber Of Commerce's revenue has grown by 87.7%, moving from $439K to $823K. Total assets increased by 3357.8% over the same period, from $24K to $836K. Total functional expenses rose by 58.5%, from $516K to $817K. In its most recent filing year (2023), Chaldean American Chamber Of Commerce reported a surplus of $6K, with revenue exceeding expenses. The organization holds $6K in liabilities against $836K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $831K.

Year-by-Year Financial Summary

• 2023: Revenue of $823K, expenses of $817K, and assets of $836K (revenue +15.9% year-over-year).
• 2022: Revenue of $710K, expenses of $585K, and assets of $840K (revenue +1.4% year-over-year).
• 2021: Revenue of $700K, expenses of $455K, and assets of $708K (revenue +30.4% year-over-year).
• 2020: Revenue of $537K, expenses of $504K, and assets of $513K (revenue -22.6% year-over-year).
• 2019: Revenue of $694K, expenses of $579K, and assets of $431K (revenue +13.0% year-over-year).
• 2018: Revenue of $614K, expenses of $559K, and assets of $307K (revenue +2.9% year-over-year).
• 2017: Revenue of $596K, expenses of $606K, and assets of $253K (revenue +6.4% year-over-year).
• 2016: Revenue of $560K, expenses of $538K, and assets of $266K (revenue +1.1% year-over-year).
• 2015: Revenue of $554K, expenses of $496K, and assets of $246K (revenue -5.5% year-over-year).
• 2014: Revenue of $586K, expenses of $529K, and assets of $182K (revenue +12.6% year-over-year).
• 2013: Revenue of $521K, expenses of $459K, and assets of $130K (revenue +0.0% year-over-year).
• 2012: Revenue of $521K, expenses of $434K, and assets of $85K (revenue +18.7% year-over-year).
• 2011: Revenue of $439K, expenses of $516K, and assets of $24K.

Data Sources and Methodology

This transparency report for Chaldean American 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.