Folsom Chamber Of Commerce
EIN: 941573092 · Folsom, CA
Is Folsom Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Folsom Chamber Of Commerce
Folsom Chamber Of Commerce (EIN: 941573092) is a nonprofit organization based in Folsom, CA. The organization reported total revenue of $3.1M and total assets of $552K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Folsom Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Folsom Chamber Of Commerce is a mid-size nonprofit that has been operating for 61 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-58,913 |
| Total Assets | $472K |
| Total Liabilities | $874K |
| Net Assets | $-402,000 |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 185.1% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Folsom Chamber Of Commerce reported a deficit of $59K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 185.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Folsom Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +10.3% | +9.5% |
| 2022 | +127.5% | +100.8% | +91.9% |
| 2021 | -52.5% | -45.5% | +28.2% |
| 2020 | +3.5% | +5.5% | -30.0% |
| 2019 | -3.8% | -12.3% | -25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Folsom Chamber Of Commerce 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 Folsom Chamber Of Commerce 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 $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 185.1%.
Frequently Asked Questions about Folsom Chamber Of Commerce
Is Folsom Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Folsom Chamber Of Commerce (EIN: 941573092) insufficient data. 0 red flags identified, 0 strengths noted.
How does Folsom Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Folsom Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Folsom Chamber Of Commerce tax-deductible?
Folsom Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 941573092). 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 Folsom Chamber Of Commerce showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Folsom Chamber Of Commerce's revenue has grown by 197.2%, moving from $866K to $2.6M. Total assets increased by 120.7% over the same period, from $214K to $472K. Total functional expenses rose by 214%, from $838K to $2.6M. In its most recent filing year (2023), Folsom Chamber Of Commerce reported a deficit of $59K, with expenses exceeding revenue. The organization holds $874K in liabilities against $472K in assets (debt-to-asset ratio: 185.1%), resulting in net assets of $-402,000.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $472K | $874K | — | View 990 |
| 2022 | $2.4M | $2.4M | $431K | $774K | — | View 990 |
| 2021 | $1.0M | $1.2M | $225K | $557K | — | View 990 |
| 2020 | $2.2M | $2.2M | $175K | $363K | — | — |
| 2019 | $2.1M | $2.1M | $250K | $458K | — | View 990 |
| 2018 | $2.2M | $2.4M | $334K | $601K | — | View 990 |
| 2017 | $2.0M | $1.9M | $456K | $576K | — | View 990 |
| 2016 | $1.8M | $1.9M | $401K | $545K | — | View 990 |
| 2015 | $1.8M | $1.8M | $369K | $466K | — | View 990 |
| 2014 | $1.8M | $1.8M | $283K | $494K | — | View 990 |
| 2013 | $1.0M | $1.1M | $223K | $427K | — | View 990 |
| 2012 | $866K | $838K | $214K | $499K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $472K (revenue +8.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $431K (revenue +127.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.2M, and assets of $225K (revenue -52.5% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $175K (revenue +3.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $250K (revenue -3.8% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.4M, and assets of $334K (revenue +13.1% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $456K (revenue +7.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $401K (revenue +2.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $369K (revenue -1.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $283K (revenue +78.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $223K (revenue +16.9% year-over-year).
- 2012: Revenue of $866K, expenses of $838K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Folsom Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Folsom 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.