Chamber Of Commerce Stanly Co
EIN: 560503003 · Albemarle, NC
Is Chamber Of Commerce Stanly Co 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 Stanly Co
Chamber Of Commerce Stanly Co (EIN: 560503003) is a nonprofit organization based in Albemarle, NC. The organization reported total revenue of $187K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Stanly Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Chamber Of Commerce Stanly Co 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 Stanly Co 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.
Frequently Asked Questions about Chamber Of Commerce Stanly Co
Is Chamber Of Commerce Stanly Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Of Commerce Stanly Co (EIN: 560503003) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chamber Of Commerce Stanly Co spend its money?
Detailed spending breakdown data is not yet available for Chamber Of Commerce Stanly Co. Check back for updated IRS 990 analysis.
Are donations to Chamber Of Commerce Stanly Co tax-deductible?
Chamber Of Commerce Stanly Co is registered as a tax-exempt nonprofit (EIN: 560503003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Chamber Of Commerce Stanly Co showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Chamber Of Commerce Stanly Co's revenue has declined by 28.6%, moving from $257K to $183K. Total assets decreased by 22.6% over the same period, from $100K to $78K. Total functional expenses fell by 30.2%, from $268K to $187K. In its most recent filing year (2019), Chamber Of Commerce Stanly Co reported a deficit of $4K, with expenses exceeding revenue. The organization holds $28K in liabilities against $78K in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $183K | $187K | $78K | $28K | — | — |
| 2018 | $188K | $174K | $80K | $27K | — | View 990 |
| 2017 | $198K | $209K | $66K | $26K | — | View 990 |
| 2016 | $200K | $242K | $80K | $30K | — | View 990 |
| 2015 | $225K | $214K | $127K | $34K | — | View 990 |
| 2014 | $264K | $260K | $121K | $40K | — | View 990 |
| 2013 | $292K | $292K | $114K | $36K | — | View 990 |
| 2012 | $309K | $291K | $126K | $50K | — | View 990 |
| 2011 | $257K | $268K | $100K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $183K, expenses of $187K, and assets of $78K (revenue -2.5% year-over-year).
- 2018: Revenue of $188K, expenses of $174K, and assets of $80K (revenue -5.1% year-over-year).
- 2017: Revenue of $198K, expenses of $209K, and assets of $66K (revenue -1.1% year-over-year).
- 2016: Revenue of $200K, expenses of $242K, and assets of $80K (revenue -11.1% year-over-year).
- 2015: Revenue of $225K, expenses of $214K, and assets of $127K (revenue -14.8% year-over-year).
- 2014: Revenue of $264K, expenses of $260K, and assets of $121K (revenue -9.7% year-over-year).
- 2013: Revenue of $292K, expenses of $292K, and assets of $114K (revenue -5.5% year-over-year).
- 2012: Revenue of $309K, expenses of $291K, and assets of $126K (revenue +20.5% year-over-year).
- 2011: Revenue of $257K, expenses of $268K, and assets of $100K.
Data Sources and Methodology
This transparency report for Chamber Of Commerce Stanly Co 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.