Dewitt Chamber & Development Co
EIN: 421342254 · Dewitt, IA
| Metric | Value |
|---|---|
| Total Revenue | $708K |
| Total Expenses | $258K |
| Net Assets | $661K |
Is Dewitt Chamber & Development Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dewitt Chamber & Development Co
Dewitt Chamber & Development Co (EIN: 421342254) is a nonprofit organization based in Dewitt, IA. The organization reported total revenue of $708K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dewitt Chamber & Development Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dewitt Chamber & Development Co is a small nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $258K |
| Surplus / Deficit | $-19,250 |
| Total Assets | $809K |
| Total Liabilities | $148K |
| Net Assets | $661K |
| Operating Margin | -8.1% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 37.7 months |
Financial Health Grade: B
In 2023, Dewitt Chamber & Development Co reported a deficit of $19K with expenses exceeding revenue, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Dewitt Chamber & Development Co's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | +8.3% | +1.3% |
| 2022 | -10.2% | +13.8% | -8.0% |
| 2021 | +14.6% | +2.4% | +2.9% |
| 2020 | +20.7% | +4.8% | +8.3% |
| 2019 | -1.7% | -0.4% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dewitt Chamber & Development 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 Dewitt Chamber & Development 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Frequently Asked Questions about Dewitt Chamber & Development Co
Is Dewitt Chamber & Development Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Dewitt Chamber & Development Co (EIN: 421342254) insufficient data. 0 red flags identified, 0 strengths noted.
How does Dewitt Chamber & Development Co spend its money?
Detailed spending breakdown data is not yet available for Dewitt Chamber & Development Co. Check back for updated IRS 990 analysis.
Are donations to Dewitt Chamber & Development Co tax-deductible?
Dewitt Chamber & Development Co is registered as a tax-exempt nonprofit (EIN: 421342254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dewitt Chamber & Development Co located?
Dewitt Chamber & Development Co is headquartered in Dewitt, Iowa and files with the IRS under EIN 421342254.
How many years of IRS 990 filings does Dewitt Chamber & Development Co have?
Dewitt Chamber & Development Co has 12 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 $708K in total revenue.
Filing History
IRS 990 filing history for Dewitt Chamber & Development Co showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Dewitt Chamber & Development Co's revenue has grown by 125.8%, moving from $106K to $238K. Total assets increased by 52.6% over the same period, from $530K to $809K. Total functional expenses rose by 58.3%, from $163K to $258K. In its most recent filing year (2023), Dewitt Chamber & Development Co reported a deficit of $19K, with expenses exceeding revenue. The organization holds $148K in liabilities against $809K in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $661K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $258K | $809K | $148K | — | View 990 |
| 2022 | $272K | $238K | $798K | $118K | — | View 990 |
| 2021 | $303K | $209K | $867K | $221K | — | — |
| 2020 | $264K | $204K | $843K | $290K | — | View 990 |
| 2019 | $219K | $195K | $778K | $285K | — | View 990 |
| 2018 | $222K | $196K | $749K | $281K | — | — |
| 2017 | $207K | $210K | $710K | $268K | — | View 990 |
| 2016 | $196K | $183K | $735K | $290K | — | View 990 |
| 2015 | $194K | $162K | $704K | $263K | — | View 990 |
| 2014 | $38K | $192K | $660K | $250K | — | View 990 |
| 2013 | $308K | $160K | $828K | $256K | — | View 990 |
| 2012 | $106K | $163K | $530K | $232K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $258K, and assets of $809K (revenue -12.3% year-over-year).
- 2022: Revenue of $272K, expenses of $238K, and assets of $798K (revenue -10.2% year-over-year).
- 2021: Revenue of $303K, expenses of $209K, and assets of $867K (revenue +14.6% year-over-year).
- 2020: Revenue of $264K, expenses of $204K, and assets of $843K (revenue +20.7% year-over-year).
- 2019: Revenue of $219K, expenses of $195K, and assets of $778K (revenue -1.7% year-over-year).
- 2018: Revenue of $222K, expenses of $196K, and assets of $749K (revenue +7.6% year-over-year).
- 2017: Revenue of $207K, expenses of $210K, and assets of $710K (revenue +5.5% year-over-year).
- 2016: Revenue of $196K, expenses of $183K, and assets of $735K (revenue +1.2% year-over-year).
- 2015: Revenue of $194K, expenses of $162K, and assets of $704K (revenue +411.9% year-over-year).
- 2014: Revenue of $38K, expenses of $192K, and assets of $660K (revenue -87.7% year-over-year).
- 2013: Revenue of $308K, expenses of $160K, and assets of $828K (revenue +191.8% year-over-year).
- 2012: Revenue of $106K, expenses of $163K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dewitt Chamber & Development Co:
Data Sources and Methodology
This transparency report for Dewitt Chamber & Development 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.