Chamber Of Commerce Of Wayne County Incorporated
EIN: 560172525 · Goldsboro, NC
| Metric | Value |
|---|---|
| Total Revenue | $699K |
| Total Expenses | $681K |
| Net Assets | $184K |
Is Chamber Of Commerce Of Wayne County Incorporated 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 Of Wayne County Incorporated
Chamber Of Commerce Of Wayne County Incorporated (EIN: 560172525) is a nonprofit organization based in Goldsboro, NC. The organization reported total revenue of $699K and total assets of $384K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Of Wayne County Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce Of Wayne County Incorporated is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $641K |
| Total Expenses | $681K |
| Surplus / Deficit | $-40,186 |
| Total Assets | $360K |
| Total Liabilities | $176K |
| Net Assets | $184K |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 48.8% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Chamber Of Commerce Of Wayne County Incorporated reported a deficit of $40K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 48.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chamber Of Commerce Of Wayne County Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +13.1% | -11.6% |
| 2022 | -8.4% | +0.5% | +15.0% |
| 2021 | +14.7% | +12.3% | +37.6% |
| 2020 | -14.7% | -15.4% | +13.2% |
| 2019 | +6.1% | +5.4% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Of Commerce Of Wayne County Incorporated 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 Of Wayne County Incorporated 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.8%.
Frequently Asked Questions about Chamber Of Commerce Of Wayne County Incorporated
Is Chamber Of Commerce Of Wayne County Incorporated a legitimate charity?
Chamber Of Commerce Of Wayne County Incorporated (EIN: 560172525) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $699K. No red flags identified. Financial health grade: B.
How does Chamber Of Commerce Of Wayne County Incorporated spend its money?
Chamber Of Commerce Of Wayne County Incorporated reported $699K in total revenue 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 Of Wayne County Incorporated tax-deductible?
Chamber Of Commerce Of Wayne County Incorporated is registered as a tax-exempt nonprofit (EIN: 560172525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Of Commerce Of Wayne County Incorporated located?
Chamber Of Commerce Of Wayne County Incorporated is headquartered in Goldsboro, North Carolina and files with the IRS under EIN 560172525.
How many years of IRS 990 filings does Chamber Of Commerce Of Wayne County Incorporated have?
Chamber Of Commerce Of Wayne County Incorporated 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 $699K in total revenue.
Filing History
IRS 990 filing history for Chamber Of Commerce Of Wayne County Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Of Commerce Of Wayne County Incorporated's revenue has declined by 15.6%, moving from $759K to $641K. Total assets increased by 273.4% over the same period, from $96K to $360K. Total functional expenses fell by 6.5%, from $729K to $681K. In its most recent filing year (2023), Chamber Of Commerce Of Wayne County Incorporated reported a deficit of $40K, with expenses exceeding revenue. The organization holds $176K in liabilities against $360K in assets (debt-to-asset ratio: 48.8%), resulting in net assets of $184K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $641K | $681K | $360K | $176K | — | — |
| 2022 | $587K | $602K | $407K | $183K | — | — |
| 2021 | $641K | $599K | $354K | $194K | — | View 990 |
| 2020 | $558K | $533K | $257K | $139K | — | — |
| 2019 | $655K | $630K | $227K | $134K | — | View 990 |
| 2018 | $617K | $598K | $220K | $151K | — | View 990 |
| 2017 | $629K | $584K | $214K | $164K | — | View 990 |
| 2016 | $608K | $591K | $180K | $175K | — | View 990 |
| 2015 | $610K | $582K | $175K | $187K | — | View 990 |
| 2014 | $589K | $582K | $181K | $220K | — | View 990 |
| 2013 | $721K | $699K | $149K | $194K | — | View 990 |
| 2012 | $676K | $663K | $99K | $167K | — | View 990 |
| 2011 | $759K | $729K | $96K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $641K, expenses of $681K, and assets of $360K (revenue +9.2% year-over-year).
- 2022: Revenue of $587K, expenses of $602K, and assets of $407K (revenue -8.4% year-over-year).
- 2021: Revenue of $641K, expenses of $599K, and assets of $354K (revenue +14.7% year-over-year).
- 2020: Revenue of $558K, expenses of $533K, and assets of $257K (revenue -14.7% year-over-year).
- 2019: Revenue of $655K, expenses of $630K, and assets of $227K (revenue +6.1% year-over-year).
- 2018: Revenue of $617K, expenses of $598K, and assets of $220K (revenue -1.8% year-over-year).
- 2017: Revenue of $629K, expenses of $584K, and assets of $214K (revenue +3.4% year-over-year).
- 2016: Revenue of $608K, expenses of $591K, and assets of $180K (revenue -0.4% year-over-year).
- 2015: Revenue of $610K, expenses of $582K, and assets of $175K (revenue +3.7% year-over-year).
- 2014: Revenue of $589K, expenses of $582K, and assets of $181K (revenue -18.4% year-over-year).
- 2013: Revenue of $721K, expenses of $699K, and assets of $149K (revenue +6.7% year-over-year).
- 2012: Revenue of $676K, expenses of $663K, and assets of $99K (revenue -11.0% year-over-year).
- 2011: Revenue of $759K, expenses of $729K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce Of Wayne County Incorporated:
Data Sources and Methodology
This transparency report for Chamber Of Commerce Of Wayne County Incorporated 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.