Chambers Foundation
Chambers Foundation shows strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 202123840 · New Orleans, LA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.9M |
| Total Expenses | $974K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $12.4M |
| Transparency Score | 85/100 |
Is Chambers Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chambers Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chambers Foundation
Chambers Foundation (EIN: 202123840) is a nonprofit organization based in New Orleans, LA, classified under NTEE code T22. The organization reported total revenue of $10.9M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chambers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chambers Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $974K |
| Surplus / Deficit | +$322K |
| Total Assets | $12.4M |
| Total Liabilities | $1 |
| Net Assets | $12.4M |
| Operating Margin | 24.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.1 months |
Financial Health Grade: A
In 2024, Chambers Foundation reported a surplus of $322K with revenue exceeding expenses, holds 153.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Chambers Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.1% | +1.1% | +2.6% |
| 2023 | -17.1% | +18.8% | +1.7% |
| 2022 | +334.5% | -15.9% | +5.7% |
| 2021 | -25.9% | +0.0% | -5.1% |
| 2020 | -59.8% | +37.5% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Chambers Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chambers Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $322K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten available IRS 990 filings, which is unusual for an organization with over $10 million in assets and significant annual revenue. This could indicate a fully volunteer executive team or that executive compensation is categorized differently, warranting further investigation for complete transparency.
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 Chambers Foundation's IRS 990 filings:
- No reported officer compensation across all filings, which is unusual for an organization of this size and could obscure leadership costs.
- Significant fluctuation in annual revenue, particularly the latest spike, without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Chambers Foundation:
- Consistent asset growth over a decade, from $10.6 million to $12.4 million.
- Extremely low reported liabilities ($0 or $1) indicating strong financial health and minimal debt.
- Expenses consistently well below revenue in most periods, allowing for asset accumulation.
- Strong financial stability and fiscal management based on asset-to-liability ratio.
Frequently Asked Questions about Chambers Foundation
Is Chambers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chambers Foundation (EIN: 202123840) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Chambers Foundation spend its money?
Chambers Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chambers Foundation tax-deductible?
Chambers Foundation is registered as a tax-exempt nonprofit (EIN: 202123840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chambers Foundation CEO make?
Chambers Foundation's highest-compensated officer earns $10 annually. The organization reported $10.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chambers Foundation's spending goes to programs?
Chambers Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chambers Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chambers Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chambers Foundation located?
Chambers Foundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 202123840. It is classified under NTEE code T22.
How many years of IRS 990 filings does Chambers Foundation have?
Chambers Foundation has 10 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 $10.9M in total revenue.
Why is no officer compensation reported on any of the 990 filings?
The IRS 990 filings for Chambers Foundation consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or that compensation is reported under other expense lines, which would require reviewing the full 990 forms for clarification.
What caused the significant increase in latest reported revenue to $10,864,208?
The latest reported revenue of $10,864,208 is substantially higher than previous years' revenues, which typically ranged from $300,000 to $1.5 million. This could be due to a major grant, a large one-time donation, or an accounting adjustment. Further details would be in the full 990 filing.
How does the organization manage to operate with such minimal reported liabilities?
The Chambers Foundation consistently reports liabilities of $0 or $1 across all filings. This indicates extremely strong financial management, a lack of debt, or that certain liabilities are not being reported in a standard manner, though the former is more likely given the asset growth.
Filing History
IRS 990 filing history for Chambers Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Chambers Foundation's revenue has grown by 103.3%, moving from $637K to $1.3M. Total assets increased by 17.1% over the same period, from $10.6M to $12.4M. Total functional expenses rose by 64.8%, from $591K to $974K. In its most recent filing year (2024), Chambers Foundation reported a surplus of $322K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $974K | $12.4M | $1 | — | View 990 |
| 2023 | $1.2M | $963K | $12.1M | $1 | — | View 990 |
| 2022 | $1.4M | $810K | $11.9M | $1 | — | View 990 |
| 2021 | $333K | $963K | $11.3M | $1 | — | — |
| 2020 | $449K | $963K | $11.9M | $0 | — | View 990 |
| 2016 | $1.1M | $701K | $12.9M | $0 | — | View 990 |
| 2015 | $1.5M | $658K | $12.5M | $0 | — | View 990 |
| 2014 | $1.2M | $641K | $11.6M | $0 | — | View 990 |
| 2013 | $1.1M | $596K | $11.1M | $1 | — | View 990 |
| 2012 | $637K | $591K | $10.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $974K, and assets of $12.4M (revenue +8.1% year-over-year).
- 2023: Revenue of $1.2M, expenses of $963K, and assets of $12.1M (revenue -17.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $810K, and assets of $11.9M (revenue +334.5% year-over-year).
- 2021: Revenue of $333K, expenses of $963K, and assets of $11.3M (revenue -25.9% year-over-year).
- 2020: Revenue of $449K, expenses of $963K, and assets of $11.9M (revenue -59.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $701K, and assets of $12.9M (revenue -27.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $658K, and assets of $12.5M (revenue +27.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $641K, and assets of $11.6M (revenue +12.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $596K, and assets of $11.1M (revenue +66.6% year-over-year).
- 2012: Revenue of $637K, expenses of $591K, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chambers Foundation:
Data Sources and Methodology
This transparency report for Chambers Foundation 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.