Chamber Of Commerce Of Greater Cape May New Jersey
Chamber Of Commerce Of Greater Cape May New Jersey: Financial Overview and Analysis
EIN: 222398173 · Cape May, NJ · Updated: 2026-04-04
About Chamber Of Commerce Of Greater Cape May New Jersey
Chamber Of Commerce Of Greater Cape May New Jersey (EIN: 222398173) is a nonprofit organization based in Cape May, NJ. The organization reported total revenue of $229K and total assets of $206K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Of Greater Cape May New Jersey'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 Chamber Of Commerce Of Greater Cape May New Jersey 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Chamber Of Commerce Of Greater Cape May New Jersey allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either a volunteer-led organization or that compensation is not reported in the provided data format.
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 Chamber Of Commerce Of Greater Cape May New Jersey's IRS 990 filings:
- Consistent reporting of 0% compensation for all key personnel across multiple years (2016-2023) may warrant further investigation to understand the operational model and whether services are provided pro bono or through other means not reflected in this data.
- The organization consistently spends more than it brings in, with expenses exceeding revenue in 7 out of 8 years (2016, 2017, 2018, 2020, 2021, 2022, 2023), leading to a decrease in net assets over time.
- Net assets have decreased from $201,857 in 2016 to $240,667 in 2023, despite some fluctuations, indicating a long-term trend of operating at a deficit.
Strengths
The following positive indicators were identified for Chamber Of Commerce Of Greater Cape May New Jersey:
- The organization has maintained a consistent level of revenue, generally ranging between $200,000 and $300,000 annually, demonstrating a stable funding base.
- Despite operating deficits, the organization has maintained a positive asset base, with assets consistently above $200,000, suggesting some financial resilience.
Frequently Asked Questions about Chamber Of Commerce Of Greater Cape May New Jersey
What does Chamber Of Commerce Of Greater Cape May New Jersey do?
Chamber Of Commerce Of Greater Cape May New Jersey is a nonprofit organization in the Unknown sector, located in Cape May, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Chamber Of Commerce Of Greater Cape May New Jersey have?
Chamber Of Commerce Of Greater Cape May New Jersey reported total revenue of $229,353. Based on 13 IRS 990 filings on record.
What are Chamber Of Commerce Of Greater Cape May New Jersey's total assets?
Chamber Of Commerce Of Greater Cape May New Jersey holds total assets of $205,819 as reported in IRS 990 filings.
Where is Chamber Of Commerce Of Greater Cape May New Jersey located?
Chamber Of Commerce Of Greater Cape May New Jersey is based in Cape May, New Jersey.
What is Chamber Of Commerce Of Greater Cape May New Jersey's EIN?
Chamber Of Commerce Of Greater Cape May New Jersey's Employer Identification Number (EIN) is 222398173. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chamber Of Commerce Of Greater Cape May New Jersey?
Chamber Of Commerce Of Greater Cape May New Jersey is classified under NTEE code Unknown (Unknown).
Is Chamber Of Commerce Of Greater Cape May New Jersey a registered 501(c)(3)?
Chamber Of Commerce Of Greater Cape May New Jersey appears in IRS records (EIN: 222398173). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Chamber Of Commerce Of Greater Cape May New Jersey file IRS Form 990?
Yes, Chamber Of Commerce Of Greater Cape May New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Chamber Of Commerce Of Greater Cape May New Jersey's revenue in 2023?
In the 202312 filing period, Chamber Of Commerce Of Greater Cape May New Jersey reported total revenue of $275,378, total expenses of $271,506, and net assets of $240,667.
Is Chamber Of Commerce Of Greater Cape May New Jersey's revenue growing or declining?
Chamber Of Commerce Of Greater Cape May New Jersey's revenue is growing. Revenue went from $243,673 (202212) to $275,378 (202312), a +13.0% change. Based on 13 filings on record.
What is Chamber Of Commerce Of Greater Cape May New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Chamber Of Commerce Of Greater Cape May New Jersey covers tax period 202312. It shows revenue of $275,378, expenses of $271,506, total assets of $240,667, and liabilities of $21,153.
How much does Chamber Of Commerce Of Greater Cape May New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Chamber Of Commerce Of Greater Cape May New Jersey allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Chamber Of Commerce Of Greater Cape May New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Chamber Of Commerce Of Greater Cape May New Jersey appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Chamber Of Commerce Of Greater Cape May New Jersey?
The following concerns were identified: Consistent reporting of 0% compensation for all key personnel across multiple years (2016-2023) may warrant further investigation to understand the operational model and whether services are provided pro bono or through other means not reflected in this data.. The organization consistently spends more than it brings in, with expenses exceeding revenue in 7 out of 8 years (2016, 2017, 2018, 2020, 2021, 2022, 2023), leading to a decrease in net assets over time.. Net assets have decreased from $201,857 in 2016 to $240,667 in 2023, despite some fluctuations, indicating a long-term trend of operating at a deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Chamber Of Commerce Of Greater Cape May New Jersey's strengths?
Positive indicators for Chamber Of Commerce Of Greater Cape May New Jersey include: The organization has maintained a consistent level of revenue, generally ranging between $200,000 and $300,000 annually, demonstrating a stable funding base.. Despite operating deficits, the organization has maintained a positive asset base, with assets consistently above $200,000, suggesting some financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Chamber Of Commerce Of Greater Cape May New Jersey compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either a volunteer-led organization or that compensation is not reported in the provided data format. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Chamber Of Commerce Of Greater Cape May New Jersey?
The organization consistently reports 0% compensation to officers, directors, trustees, key employees, and highest compensated employees across all available filings. Detailed program spending is not explicitly broken down in the provided data, making it difficult to assess the allocation of expenses beyond total expenditures. The provided data lacks specific details on how the 'Chamber Of Commerce' fulfills its mission beyond general revenue and expense figures. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how does the Chamber of Commerce of Greater Cape May New Jersey manage its operations and leadership, and what is the long-term sustainability plan for an organization that consistently spends more than it earns?
The consistent $0 executive compensation suggests a volunteer-driven model or that leadership compensation is covered by other entities. The long-term sustainability is questionable given the consistent operating deficits, which have led to a decrease in net assets from $201,857 in 2016 to $240,667 in 2023. This trend indicates a reliance on existing assets or external, unreported funding sources to cover operational shortfalls.
What specific programs or initiatives does the Chamber of Commerce of Greater Cape May New Jersey undertake to fulfill its mission, and how are these reflected in the reported expenditures?
The provided data only offers total revenue and expenditure figures, without a detailed breakdown of program-specific spending. While total expenditures are reported (e.g., $271,506 in 2023), it is unclear how much of this is allocated to direct programs versus administrative or fundraising activities, making it difficult to assess the impact of specific initiatives.
Filing History
IRS 990 filing history for Chamber Of Commerce Of Greater Cape May New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Of Commerce Of Greater Cape May New Jersey's revenue has declined by 8.8%, moving from $302K to $275K. Total assets increased by 9.7% over the same period, from $219K to $241K. Total functional expenses fell by 16.5%, from $325K to $272K. In its most recent filing year (2023), Chamber Of Commerce Of Greater Cape May New Jersey reported a surplus of $4K, with revenue exceeding expenses. The organization holds $21K in liabilities against $241K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $220K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $272K | $241K | $21K | — | — |
| 2022 | $244K | $259K | $239K | $23K | — | View 990 |
| 2021 | $219K | $225K | $256K | $46K | — | View 990 |
| 2020 | $169K | $205K | $241K | $25K | — | — |
| 2019 | $296K | $249K | $255K | $3K | — | View 990 |
| 2018 | $247K | $241K | $209K | $3K | — | View 990 |
| 2017 | $264K | $243K | $203K | $5K | — | View 990 |
| 2016 | $310K | $334K | $202K | $25K | — | View 990 |
| 2015 | $311K | $312K | $215K | $14K | — | View 990 |
| 2014 | $320K | $332K | $224K | $22K | — | View 990 |
| 2013 | $305K | $276K | $234K | $20K | — | View 990 |
| 2012 | $307K | $314K | $214K | $29K | — | View 990 |
| 2011 | $302K | $325K | $219K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $272K, and assets of $241K (revenue +13.0% year-over-year).
- 2022: Revenue of $244K, expenses of $259K, and assets of $239K (revenue +11.2% year-over-year).
- 2021: Revenue of $219K, expenses of $225K, and assets of $256K (revenue +29.3% year-over-year).
- 2020: Revenue of $169K, expenses of $205K, and assets of $241K (revenue -42.7% year-over-year).
- 2019: Revenue of $296K, expenses of $249K, and assets of $255K (revenue +19.7% year-over-year).
- 2018: Revenue of $247K, expenses of $241K, and assets of $209K (revenue -6.5% year-over-year).
- 2017: Revenue of $264K, expenses of $243K, and assets of $203K (revenue -14.8% year-over-year).
- 2016: Revenue of $310K, expenses of $334K, and assets of $202K (revenue -0.3% year-over-year).
- 2015: Revenue of $311K, expenses of $312K, and assets of $215K (revenue -2.8% year-over-year).
- 2014: Revenue of $320K, expenses of $332K, and assets of $224K (revenue +4.8% year-over-year).
- 2013: Revenue of $305K, expenses of $276K, and assets of $234K (revenue -0.7% year-over-year).
- 2012: Revenue of $307K, expenses of $314K, and assets of $214K (revenue +1.8% year-over-year).
- 2011: Revenue of $302K, expenses of $325K, and assets of $219K.
Data Sources and Methodology
This transparency report for Chamber Of Commerce Of Greater Cape May New Jersey 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.