Charlestown Chamber Of Commerce Inc
Charlestown Chamber Of Commerce: Consistent Revenue, High Administrative Costs
EIN: 222742684 · Charlestown, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $538K |
| Total Expenses | $220K |
| Program Spending | 18% |
| Net Assets | $330K |
| Transparency Score | 65/100 |
Is Charlestown Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlestown Chamber Of Commerce Inc directs 18% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Charlestown Chamber Of Commerce Inc
Charlestown Chamber Of Commerce Inc (EIN: 222742684) is a nonprofit organization based in Charlestown, RI. The organization reported total revenue of $538K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlestown Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlestown Chamber Of Commerce Inc is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $220K |
| Surplus / Deficit | +$49K |
| Total Assets | $330K |
| Net Assets | $330K |
| Operating Margin | 18.2% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2024, Charlestown Chamber Of Commerce Inc reported a surplus of $49K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Charlestown Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.7% | +8.8% | +17.1% |
| 2023 | -20.9% | +2.8% | +14.8% |
| 2022 | +246.5% | +137.9% | +74.6% |
| 2021 | -51.5% | -42.0% | +3.2% |
| 2020 | +79.2% | +0.3% | +37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1988 |
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 Charlestown Chamber Of Commerce Inc with a Mission Score of 65 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: 70%
- programs: 18%
- fundraising: 12%
According to IRS 990 filings, Charlestown Chamber Of Commerce Inc allocates its expenses as follows: admin: 70%, programs: 18%, fundraising: 12%. Only 18% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits.
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 Charlestown Chamber Of Commerce Inc's IRS 990 filings:
- A significant portion of expenses, averaging around 70% over the last few years, is allocated to administrative costs rather than direct program spending.
- The organization's net assets have grown substantially, but the corresponding program spending percentage remains low.
Strengths
The following positive indicators were identified for Charlestown Chamber Of Commerce Inc:
- The organization has demonstrated consistent revenue generation over several years, indicating stable community support.
- Healthy and growing asset base provides financial stability and potential for future program expansion.
- Zero reported lobbying expenses suggests a focus away from political advocacy.
Frequently Asked Questions about Charlestown Chamber Of Commerce Inc
Is Charlestown Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlestown Chamber Of Commerce Inc (EIN: 222742684) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Charlestown Chamber Of Commerce Inc spend its money?
Charlestown Chamber Of Commerce Inc directs 18% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charlestown Chamber Of Commerce Inc tax-deductible?
Charlestown Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 222742684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charlestown Chamber Of Commerce Inc's spending goes to programs?
Charlestown Chamber Of Commerce Inc directs 18% to programs, 12% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Charlestown Chamber Of Commerce Inc located?
Charlestown Chamber Of Commerce Inc is headquartered in Charlestown, Rhode Island and files with the IRS under EIN 222742684.
How many years of IRS 990 filings does Charlestown Chamber Of Commerce Inc have?
Charlestown Chamber Of Commerce Inc has 14 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 $538K in total revenue.
What does Charlestown Chamber Of Commerce Inc do?
Charlestown Chamber Of Commerce Inc is a nonprofit organization in the Unknown sector, located in Charlestown, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Charlestown Chamber Of Commerce Inc have?
Charlestown Chamber Of Commerce Inc reported total revenue of $537,905. Based on 14 IRS 990 filings on record.
What are Charlestown Chamber Of Commerce Inc's total assets?
Charlestown Chamber Of Commerce Inc holds total assets of $300,038 as reported in IRS 990 filings.
Where is Charlestown Chamber Of Commerce Inc located?
Charlestown Chamber Of Commerce Inc is based in Charlestown, Rhode Island.
What is Charlestown Chamber Of Commerce Inc's EIN?
Charlestown Chamber Of Commerce Inc's Employer Identification Number (EIN) is 222742684. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charlestown Chamber Of Commerce Inc?
Charlestown Chamber Of Commerce Inc is classified under NTEE code Unknown (Unknown).
Is Charlestown Chamber Of Commerce Inc a registered 501(c)(3)?
Charlestown Chamber Of Commerce Inc appears in IRS records (EIN: 222742684). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Charlestown Chamber Of Commerce Inc file IRS Form 990?
Yes, Charlestown Chamber Of Commerce Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Charlestown Chamber Of Commerce Inc's revenue in 2024?
In the 202406 filing period, Charlestown Chamber Of Commerce Inc reported total revenue of $268,587, total expenses of $219,732, and net assets of $330,415.
Is Charlestown Chamber Of Commerce Inc's revenue growing or declining?
Charlestown Chamber Of Commerce Inc's revenue is growing. Revenue went from $238,328 (202306) to $268,587 (202406), a +12.7% change. Based on 14 filings on record.
What is Charlestown Chamber Of Commerce Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Charlestown Chamber Of Commerce Inc covers tax period 202406. It shows revenue of $268,587, expenses of $219,732, total assets of $330,415, and liabilities of N/A.
How much does Charlestown Chamber Of Commerce Inc spend on programs vs administration?
Based on IRS 990 analysis, Charlestown Chamber Of Commerce Inc allocates approximately 18% of expenses to program services, 70% to administrative costs, and 12% to fundraising. Overhead costs appear high relative to program spending.
Is Charlestown Chamber Of Commerce Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Charlestown Chamber Of Commerce Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Charlestown Chamber Of Commerce Inc?
The following concerns were identified: A significant portion of expenses, averaging around 70% over the last few years, is allocated to administrative costs rather than direct program spending.. The organization's net assets have grown substantially, but the corresponding program spending percentage remains low.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Charlestown Chamber Of Commerce Inc's strengths?
Positive indicators for Charlestown Chamber Of Commerce Inc include: The organization has demonstrated consistent revenue generation over several years, indicating stable community support.. Healthy and growing asset base provides financial stability and potential for future program expansion.. Zero reported lobbying expenses suggests a focus away from political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Charlestown Chamber Of Commerce Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high administrative expense ratio, what specific activities or services are categorized under 'administrative' that justify such a large proportion of total expenses?
Without a detailed breakdown of expenses beyond the provided 'x' (total expenses), it's challenging to pinpoint the exact nature of these administrative costs. Further investigation into their financial statements would be needed to understand if these include salaries, office overhead, or other operational necessities.
How does the Charlestown Chamber of Commerce measure the impact and effectiveness of its programs, especially considering the relatively low percentage of spending directly on programs?
The provided data does not include metrics for program impact or effectiveness. To assess this, one would need to review their annual reports, program descriptions, and any impact assessments they publish, which would ideally demonstrate the value derived from their program spending.
Filing History
IRS 990 filing history for Charlestown Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Charlestown Chamber Of Commerce Inc's revenue has grown by 97.7%, moving from $136K to $269K. Total assets increased by 169% over the same period, from $123K to $330K. Total functional expenses rose by 74.7%, from $126K to $220K. In its most recent filing year (2024), Charlestown Chamber Of Commerce Inc reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $269K | $220K | $330K | $0 | — | — |
| 2023 | $238K | $202K | $282K | $0 | — | — |
| 2022 | $301K | $196K | $246K | $0 | — | View 990 |
| 2021 | $87K | $83K | $141K | $0 | — | View 990 |
| 2020 | $179K | $142K | $136K | $0 | — | — |
| 2019 | $100K | $142K | $99K | $0 | — | View 990 |
| 2018 | $159K | $166K | $141K | $0 | — | View 990 |
| 2017 | $147K | $141K | $148K | $0 | — | View 990 |
| 2016 | $180K | $139K | $141K | $0 | — | View 990 |
| 2015 | $72K | $127K | $101K | $0 | — | View 990 |
| 2014 | $161K | $129K | $155K | $0 | — | View 990 |
| 2013 | $155K | $129K | $123K | $0 | — | View 990 |
| 2012 | $85K | $111K | $105K | $8K | — | View 990 |
| 2011 | $136K | $126K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $269K, expenses of $220K, and assets of $330K (revenue +12.7% year-over-year).
- 2023: Revenue of $238K, expenses of $202K, and assets of $282K (revenue -20.9% year-over-year).
- 2022: Revenue of $301K, expenses of $196K, and assets of $246K (revenue +246.5% year-over-year).
- 2021: Revenue of $87K, expenses of $83K, and assets of $141K (revenue -51.5% year-over-year).
- 2020: Revenue of $179K, expenses of $142K, and assets of $136K (revenue +79.2% year-over-year).
- 2019: Revenue of $100K, expenses of $142K, and assets of $99K (revenue -37.2% year-over-year).
- 2018: Revenue of $159K, expenses of $166K, and assets of $141K (revenue +8.2% year-over-year).
- 2017: Revenue of $147K, expenses of $141K, and assets of $148K (revenue -18.0% year-over-year).
- 2016: Revenue of $180K, expenses of $139K, and assets of $141K (revenue +147.8% year-over-year).
- 2015: Revenue of $72K, expenses of $127K, and assets of $101K (revenue -55.0% year-over-year).
- 2014: Revenue of $161K, expenses of $129K, and assets of $155K (revenue +4.1% year-over-year).
- 2013: Revenue of $155K, expenses of $129K, and assets of $123K (revenue +81.5% year-over-year).
- 2012: Revenue of $85K, expenses of $111K, and assets of $105K (revenue -37.2% year-over-year).
- 2011: Revenue of $136K, expenses of $126K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlestown Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Charlestown Chamber Of Commerce 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.