Chatham Trades Inc
EIN: 561272201 · Siler City, NC · NTEE: J330
Is Chatham Trades Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chatham Trades Inc
Chatham Trades Inc (EIN: 561272201) is a nonprofit organization based in Siler City, NC, classified under NTEE code J330. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chatham Trades Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Chatham Trades Inc 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 Chatham Trades Inc 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 Chatham Trades Inc
Is Chatham Trades Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chatham Trades Inc (EIN: 561272201) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chatham Trades Inc spend its money?
Detailed spending breakdown data is not yet available for Chatham Trades Inc. Check back for updated IRS 990 analysis.
Are donations to Chatham Trades Inc tax-deductible?
Chatham Trades Inc is registered as a tax-exempt nonprofit (EIN: 561272201). 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 Chatham Trades Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chatham Trades Inc's revenue has grown by 17.3%, moving from $777K to $911K. Total assets increased by 263.2% over the same period, from $328K to $1.2M. Total functional expenses rose by 27.2%, from $846K to $1.1M. In its most recent filing year (2023), Chatham Trades Inc reported a deficit of $165K, with expenses exceeding revenue. The organization holds $759K in liabilities against $1.2M in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $431K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $911K | $1.1M | $1.2M | $759K | — | — |
| 2022 | $908K | $1.2M | $942K | $679K | — | View 990 |
| 2021 | $1.0M | $963K | $1.2M | $634K | — | View 990 |
| 2020 | $1.1M | $994K | $1.2M | $789K | — | View 990 |
| 2019 | $1.0M | $837K | $1.0M | $641K | — | View 990 |
| 2018 | $741K | $688K | $830K | $638K | — | View 990 |
| 2017 | $763K | $772K | $182K | $42K | — | View 990 |
| 2016 | $800K | $810K | $188K | $39K | — | View 990 |
| 2015 | $861K | $799K | $223K | $63K | — | View 990 |
| 2014 | $778K | $772K | $145K | $47K | — | View 990 |
| 2013 | $724K | $738K | $145K | $53K | — | View 990 |
| 2012 | $752K | $795K | $202K | $54K | — | View 990 |
| 2011 | $777K | $846K | $328K | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $911K, expenses of $1.1M, and assets of $1.2M (revenue +0.3% year-over-year).
- 2022: Revenue of $908K, expenses of $1.2M, and assets of $942K (revenue -12.6% year-over-year).
- 2021: Revenue of $1.0M, expenses of $963K, and assets of $1.2M (revenue -3.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $994K, and assets of $1.2M (revenue +7.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $837K, and assets of $1.0M (revenue +36.1% year-over-year).
- 2018: Revenue of $741K, expenses of $688K, and assets of $830K (revenue -2.9% year-over-year).
- 2017: Revenue of $763K, expenses of $772K, and assets of $182K (revenue -4.6% year-over-year).
- 2016: Revenue of $800K, expenses of $810K, and assets of $188K (revenue -7.1% year-over-year).
- 2015: Revenue of $861K, expenses of $799K, and assets of $223K (revenue +10.6% year-over-year).
- 2014: Revenue of $778K, expenses of $772K, and assets of $145K (revenue +7.5% year-over-year).
- 2013: Revenue of $724K, expenses of $738K, and assets of $145K (revenue -3.6% year-over-year).
- 2012: Revenue of $752K, expenses of $795K, and assets of $202K (revenue -3.2% year-over-year).
- 2011: Revenue of $777K, expenses of $846K, and assets of $328K.
Data Sources and Methodology
This transparency report for Chatham Trades 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.