Eastern Monmouth Area Chamber Of Commerce
Eastern Monmouth Area Chamber Of Commerce shows recent financial recovery with a surplus in 2023 after a deficit in 2022, maintaining 0% officer compensation.
EIN: 210600353 · Tinton Falls, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $162K |
| Program Spending | 75% |
| Net Assets | $65K |
| Transparency Score | 75/100 |
Is Eastern Monmouth Area Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern Monmouth Area Chamber Of Commerce directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern Monmouth Area Chamber Of Commerce
Eastern Monmouth Area Chamber Of Commerce (EIN: 210600353) is a nonprofit organization based in Tinton Falls, NJ. The organization reported total revenue of $156K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Monmouth Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Monmouth Area Chamber Of Commerce is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $162K |
| Surplus / Deficit | +$34K |
| Total Assets | $125K |
| Total Liabilities | $60K |
| Net Assets | $65K |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 48.3% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Eastern Monmouth Area Chamber Of Commerce reported a surplus of $34K with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 48.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern Monmouth Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.2% | +0.5% | -7.1% |
| 2022 | +6.1% | +25.8% | -6.3% |
| 2021 | +15.0% | +48.9% | -9.8% |
| 2020 | -19.9% | -11.3% | +40.0% |
| 2019 | -17.9% | +29.4% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
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 Eastern Monmouth Area Chamber Of Commerce with a Mission Score of 75 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Eastern Monmouth Area Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive team.
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 Eastern Monmouth Area Chamber Of Commerce's IRS 990 filings:
- Significant fluctuation in revenue and expenses year-over-year, such as the $52,464 deficit in 202212 (Revenue $108,834, Expenses $161,298).
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess efficiency.
- High liabilities relative to assets in some periods, for example, $104,075 liabilities against $134,823 assets in 202212.
Strengths
The following positive indicators were identified for Eastern Monmouth Area Chamber Of Commerce:
- Consistent reporting of 0% officer compensation, indicating a lean executive cost structure.
- Demonstrated ability to recover financially, moving from a deficit in 2022 to a surplus in 2023 ($196,146 revenue vs. $162,122 expenses).
- Positive trend in asset growth over the long term, from $10,170 in 201412 to $125,215 in 202312.
- Consistent filing of IRS 990 forms over 13 periods, indicating good transparency practices.
Frequently Asked Questions about Eastern Monmouth Area Chamber Of Commerce
Is Eastern Monmouth Area Chamber Of Commerce a legitimate charity?
Eastern Monmouth Area Chamber Of Commerce (EIN: 210600353) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $156K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eastern Monmouth Area Chamber Of Commerce spend its money?
Eastern Monmouth Area Chamber Of Commerce directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Eastern Monmouth Area Chamber Of Commerce tax-deductible?
Eastern Monmouth Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 210600353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eastern Monmouth Area Chamber Of Commerce's spending goes to programs?
Eastern Monmouth Area Chamber Of Commerce directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Eastern Monmouth Area Chamber Of Commerce located?
Eastern Monmouth Area Chamber Of Commerce is headquartered in Tinton Falls, New Jersey and files with the IRS under EIN 210600353.
How many years of IRS 990 filings does Eastern Monmouth Area Chamber Of Commerce have?
Eastern Monmouth Area Chamber Of Commerce has 13 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 $156K in total revenue.
Is Eastern Monmouth Area Chamber Of Commerce a good charity?
Based on the available financial data, the organization appears to be fiscally responsible, especially given its 0% officer compensation. Its ability to recover from a deficit in 2022 to a surplus in 2023 ($196,146 revenue vs. $162,122 expenses) suggests good financial management. However, without a detailed breakdown of program spending, it's difficult to fully assess its direct impact.
What caused the significant increase in liabilities in 2022?
In 202212, liabilities jumped to $104,075 from $60,747 in 202112. The IRS 990 form itself would need to be reviewed to understand the specific nature of these liabilities (e.g., loans, accounts payable, deferred revenue) and why they increased so sharply.
How does the organization sustain itself with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, such as through a related entity or as general staff. This is a significant operational model that would warrant further inquiry into its sustainability and structure.
Filing History
IRS 990 filing history for Eastern Monmouth Area Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Monmouth Area Chamber Of Commerce's revenue has grown by 11.9%, moving from $175K to $196K. Total assets increased by 555.4% over the same period, from $19K to $125K. Total functional expenses fell by 4.1%, from $169K to $162K. In its most recent filing year (2023), Eastern Monmouth Area Chamber Of Commerce reported a surplus of $34K, with revenue exceeding expenses. The organization holds $60K in liabilities against $125K in assets (debt-to-asset ratio: 48.3%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $196K | $162K | $125K | $60K | — | — |
| 2022 | $109K | $161K | $135K | $104K | — | — |
| 2021 | $103K | $128K | $144K | $61K | — | View 990 |
| 2020 | $89K | $86K | $160K | $51K | — | — |
| 2019 | $111K | $97K | $114K | $8K | — | View 990 |
| 2018 | $136K | $75K | $96K | $14K | — | View 990 |
| 2017 | $100K | $86K | $42K | $20K | — | View 990 |
| 2016 | $141K | $128K | $34K | $26K | — | View 990 |
| 2015 | $161K | $132K | $26K | $31K | — | View 990 |
| 2014 | $147K | $138K | $10K | $44K | — | View 990 |
| 2013 | $144K | $148K | $22K | $65K | — | View 990 |
| 2012 | $148K | $159K | $8K | $48K | — | View 990 |
| 2011 | $175K | $169K | $19K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $196K, expenses of $162K, and assets of $125K (revenue +80.2% year-over-year).
- 2022: Revenue of $109K, expenses of $161K, and assets of $135K (revenue +6.1% year-over-year).
- 2021: Revenue of $103K, expenses of $128K, and assets of $144K (revenue +15.0% year-over-year).
- 2020: Revenue of $89K, expenses of $86K, and assets of $160K (revenue -19.9% year-over-year).
- 2019: Revenue of $111K, expenses of $97K, and assets of $114K (revenue -17.9% year-over-year).
- 2018: Revenue of $136K, expenses of $75K, and assets of $96K (revenue +36.1% year-over-year).
- 2017: Revenue of $100K, expenses of $86K, and assets of $42K (revenue -29.3% year-over-year).
- 2016: Revenue of $141K, expenses of $128K, and assets of $34K (revenue -12.7% year-over-year).
- 2015: Revenue of $161K, expenses of $132K, and assets of $26K (revenue +9.4% year-over-year).
- 2014: Revenue of $147K, expenses of $138K, and assets of $10K (revenue +2.4% year-over-year).
- 2013: Revenue of $144K, expenses of $148K, and assets of $22K (revenue -2.6% year-over-year).
- 2012: Revenue of $148K, expenses of $159K, and assets of $8K (revenue -15.6% year-over-year).
- 2011: Revenue of $175K, expenses of $169K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Monmouth Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Eastern Monmouth Area Chamber Of Commerce 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.