Chamber Of Commerce Of The Borough Of Queens Inc
Queens Chamber of Commerce shows consistent growth with balanced finances, reporting no officer compensation.
EIN: 110559220 · Jackson Heights, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $3.7M |
| Program Spending | 75% |
| Net Assets | $875K |
| Transparency Score | 85/100 |
Is Chamber Of Commerce Of The Borough Of Queens Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chamber Of Commerce Of The Borough Of Queens Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chamber Of Commerce Of The Borough Of Queens Inc
Chamber Of Commerce Of The Borough Of Queens Inc (EIN: 110559220) is a nonprofit organization based in Jackson Heights, NY. The organization reported total revenue of $5.0M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Of The Borough Of Queens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce Of The Borough Of Queens Inc is a mid-size nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-47,481 |
| Total Assets | $2.9M |
| Total Liabilities | $2.0M |
| Net Assets | $875K |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 69.4% |
| Months of Reserves | 9.3 months |
Financial Health Grade: C
In 2023, Chamber Of Commerce Of The Borough Of Queens Inc reported a deficit of $47K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 69.4% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Chamber Of Commerce Of The Borough Of Queens Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +19.3% | +44.6% |
| 2022 | +1.4% | +21.0% | +13.1% |
| 2021 | +26.8% | +5.4% | +24.2% |
| 2020 | +19.0% | +36.4% | +26.5% |
| 2019 | +35.7% | +31.8% | +92.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1944 |
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 Chamber Of Commerce Of The Borough Of Queens Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Chamber Of Commerce Of The Borough Of Queens Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a fully volunteer executive leadership or compensation being categorized differently within the financial statements.
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 The Borough Of Queens Inc's IRS 990 filings:
- Slight deficit in 202312 period (Expenses $3,680,402 exceeding Revenue $3,632,921)
- Significant increase in liabilities over time, reaching $1,982,029 in 2023, which could indicate increased debt or deferred revenue.
Strengths
The following positive indicators were identified for Chamber Of Commerce Of The Borough Of Queens Inc:
- Consistent revenue growth over the past decade, from $864,644 in 2014 to $3,632,921 in 2023.
- Strong asset growth, increasing from $310,151 in 2014 to $2,856,540 in 2023.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds or a volunteer-led executive structure.
- Maintained operational balance with expenses generally tracking closely to revenue, indicating sound financial management.
Frequently Asked Questions about Chamber Of Commerce Of The Borough Of Queens Inc
Is Chamber Of Commerce Of The Borough Of Queens Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Of Commerce Of The Borough Of Queens Inc (EIN: 110559220) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Chamber Of Commerce Of The Borough Of Queens Inc spend its money?
Chamber Of Commerce Of The Borough Of Queens Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chamber Of Commerce Of The Borough Of Queens Inc tax-deductible?
Chamber Of Commerce Of The Borough Of Queens Inc is registered as a tax-exempt nonprofit (EIN: 110559220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chamber Of Commerce Of The Borough Of Queens Inc's spending goes to programs?
Chamber Of Commerce Of The Borough Of Queens Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Chamber Of Commerce Of The Borough Of Queens Inc located?
Chamber Of Commerce Of The Borough Of Queens Inc is headquartered in Jackson Heights, New York and files with the IRS under EIN 110559220.
How many years of IRS 990 filings does Chamber Of Commerce Of The Borough Of Queens Inc have?
Chamber Of Commerce Of The Borough Of Queens 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. The most recent filing shows $5.0M in total revenue.
Is Chamber Of Commerce Of The Borough Of Queens Inc. a good charity?
Based on the provided data, the organization demonstrates strong financial growth and a stable asset base. The consistent reporting of 0% officer compensation is a positive indicator of resource allocation, though a full functional expense breakdown would provide more clarity on spending efficiency.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $864,644 in 2014 to $3,632,921 in 2023, and assets growing from $310,151 to $2,856,540 over the same period, indicating robust expansion.
What is the trend in the organization's liabilities?
Liabilities have increased in parallel with the organization's growth, from $157,263 in 2014 to $1,982,029 in 2023. This growth in liabilities warrants further investigation to understand its nature (e.g., program-related payables, deferred revenue, or debt).
Filing History
IRS 990 filing history for Chamber Of Commerce Of The Borough Of Queens Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Chamber Of Commerce Of The Borough Of Queens Inc's revenue has grown by 402.2%, moving from $723K to $3.6M. Total assets increased by 817.3% over the same period, from $311K to $2.9M. Total functional expenses rose by 393.4%, from $746K to $3.7M. In its most recent filing year (2023), Chamber Of Commerce Of The Borough Of Queens Inc reported a deficit of $47K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $2.9M in assets (debt-to-asset ratio: 69.4%), resulting in net assets of $875K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.7M | $2.9M | $2.0M | — | — |
| 2022 | $3.1M | $3.1M | $2.0M | $1.1M | — | View 990 |
| 2021 | $3.0M | $2.6M | $1.7M | $836K | — | View 990 |
| 2020 | $2.4M | $2.4M | $1.4M | $994K | — | View 990 |
| 2019 | $2.0M | $1.8M | $1.1M | $685K | — | — |
| 2018 | $1.5M | $1.3M | $577K | $398K | — | View 990 |
| 2017 | $1.3M | $1.4M | $456K | $421K | — | View 990 |
| 2016 | $1.1M | $1.0M | $359K | $271K | — | View 990 |
| 2015 | $1.1M | $1.0M | $502K | $283K | — | View 990 |
| 2014 | $865K | $836K | $310K | $157K | — | View 990 |
| 2013 | $507K | $480K | $232K | $83K | — | View 990 |
| 2013 | $573K | $625K | $284K | $164K | — | View 990 |
| 2012 | $723K | $746K | $311K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.7M, and assets of $2.9M (revenue +17.5% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $2.0M (revenue +1.4% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.6M, and assets of $1.7M (revenue +26.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $1.4M (revenue +19.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $1.1M (revenue +35.7% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $577K (revenue +11.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $456K (revenue +18.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $359K (revenue +2.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $502K (revenue +27.6% year-over-year).
- 2014: Revenue of $865K, expenses of $836K, and assets of $310K (revenue +70.4% year-over-year).
- 2013: Revenue of $507K, expenses of $480K, and assets of $232K (revenue -11.5% year-over-year).
- 2013: Revenue of $573K, expenses of $625K, and assets of $284K (revenue -20.8% year-over-year).
- 2012: Revenue of $723K, expenses of $746K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce Of The Borough Of Queens Inc:
Data Sources and Methodology
This transparency report for Chamber Of Commerce Of The Borough Of Queens 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.