Chamber Of Commerce For Greater Milford Inc
EIN: 510319055 · Milford, DE
| Metric | Value |
|---|---|
| Total Expenses | $211K |
| Net Assets | $132K |
Is Chamber Of Commerce For Greater Milford Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chamber Of Commerce For Greater Milford Inc
Chamber Of Commerce For Greater Milford Inc (EIN: 510319055) is a nonprofit organization based in Milford, DE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce For Greater Milford Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce For Greater Milford Inc is a small nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $211K |
| Surplus / Deficit | $-4,913 |
| Total Assets | $186K |
| Total Liabilities | $54K |
| Net Assets | $132K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Chamber Of Commerce For Greater Milford Inc reported a deficit of $5K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 29.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chamber Of Commerce For Greater Milford Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +10.1% | +5.2% |
| 2022 | +7.0% | +1.0% | +26.9% |
| 2021 | +71.8% | +33.7% | -9.5% |
| 2020 | -32.0% | -16.1% | -2.0% |
| 2019 | +3.4% | -0.3% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Of Commerce For Greater Milford Inc 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 Chamber Of Commerce For Greater Milford Inc 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.1%.
Frequently Asked Questions about Chamber Of Commerce For Greater Milford Inc
Is Chamber Of Commerce For Greater Milford Inc a legitimate charity?
Chamber Of Commerce For Greater Milford Inc (EIN: 510319055) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Chamber Of Commerce For Greater Milford Inc spend its money?
Chamber Of Commerce For Greater Milford Inc reported its financials in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chamber Of Commerce For Greater Milford Inc tax-deductible?
Chamber Of Commerce For Greater Milford Inc is registered as a tax-exempt nonprofit (EIN: 510319055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Of Commerce For Greater Milford Inc located?
Chamber Of Commerce For Greater Milford Inc is headquartered in Milford, Delaware and files with the IRS under EIN 510319055.
How many years of IRS 990 filings does Chamber Of Commerce For Greater Milford Inc have?
Chamber Of Commerce For Greater Milford Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Chamber Of Commerce For Greater Milford Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Of Commerce For Greater Milford Inc's revenue has grown by 114.5%, moving from $96K to $206K. Total assets increased by 92.7% over the same period, from $96K to $186K. Total functional expenses rose by 130.6%, from $92K to $211K. In its most recent filing year (2023), Chamber Of Commerce For Greater Milford Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $54K in liabilities against $186K in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $206K | $211K | $186K | $54K | — | — |
| 2022 | $213K | $192K | $177K | $40K | — | View 990 |
| 2021 | $199K | $190K | $139K | $23K | — | View 990 |
| 2020 | $116K | $142K | $154K | $46K | — | View 990 |
| 2019 | $170K | $169K | $157K | $23K | — | View 990 |
| 2018 | $165K | $170K | $159K | $26K | — | View 990 |
| 2017 | $171K | $157K | $165K | $26K | — | View 990 |
| 2016 | $157K | $144K | $158K | $29K | — | View 990 |
| 2015 | $155K | $152K | $134K | $18K | — | View 990 |
| 2014 | $105K | $95K | $130K | $17K | — | View 990 |
| 2013 | $111K | $97K | $119K | $16K | — | View 990 |
| 2012 | $93K | $88K | $99K | $10K | — | View 990 |
| 2011 | $96K | $92K | $96K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $206K, expenses of $211K, and assets of $186K (revenue -3.0% year-over-year).
- 2022: Revenue of $213K, expenses of $192K, and assets of $177K (revenue +7.0% year-over-year).
- 2021: Revenue of $199K, expenses of $190K, and assets of $139K (revenue +71.8% year-over-year).
- 2020: Revenue of $116K, expenses of $142K, and assets of $154K (revenue -32.0% year-over-year).
- 2019: Revenue of $170K, expenses of $169K, and assets of $157K (revenue +3.4% year-over-year).
- 2018: Revenue of $165K, expenses of $170K, and assets of $159K (revenue -3.7% year-over-year).
- 2017: Revenue of $171K, expenses of $157K, and assets of $165K (revenue +8.6% year-over-year).
- 2016: Revenue of $157K, expenses of $144K, and assets of $158K (revenue +1.7% year-over-year).
- 2015: Revenue of $155K, expenses of $152K, and assets of $134K (revenue +47.3% year-over-year).
- 2014: Revenue of $105K, expenses of $95K, and assets of $130K (revenue -5.0% year-over-year).
- 2013: Revenue of $111K, expenses of $97K, and assets of $119K (revenue +19.6% year-over-year).
- 2012: Revenue of $93K, expenses of $88K, and assets of $99K (revenue -3.8% year-over-year).
- 2011: Revenue of $96K, expenses of $92K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce For Greater Milford Inc:
Data Sources and Methodology
This transparency report for Chamber Of Commerce For Greater Milford Inc 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.