Fort Smith Chamber Economic Development Foundation Inc
EIN: 581994607 · Fort Smith, AR · NTEE: S31Z
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Net Assets | $696K |
Is Fort Smith Chamber Economic Development Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fort Smith Chamber Economic Development Foundation Inc
Fort Smith Chamber Economic Development Foundation Inc (EIN: 581994607) is a nonprofit organization based in Fort Smith, AR, classified under NTEE code S31Z. The organization reported total revenue of $21K and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Smith Chamber Economic Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Smith Chamber Economic Development Foundation Inc is a micro nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $0 |
| Surplus / Deficit | +$16K |
| Total Assets | $696K |
| Net Assets | $696K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Fort Smith Chamber Economic Development Foundation Inc reported a surplus of $16K with revenue exceeding expenses.
Financial Trends
Over 14 years of filings (2010–2023), Fort Smith Chamber Economic Development Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4761.4% | -100.0% | +2.3% |
| 2022 | +10.7% | — | -0.9% |
| 2021 | -74.1% | — | +0.0% |
| 2020 | -47.9% | — | +0.2% |
| 2019 | +57.2% | — | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fort Smith Chamber Economic Development Foundation 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 Fort Smith Chamber Economic Development Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Fort Smith Chamber Economic Development Foundation Inc
Is Fort Smith Chamber Economic Development Foundation Inc a legitimate charity?
Fort Smith Chamber Economic Development Foundation Inc (EIN: 581994607) is a registered tax-exempt nonprofit based in Arkansas. It has 14 years of IRS 990 filings on record. Total revenue: $21K. No red flags identified. Financial health grade: A.
How does Fort Smith Chamber Economic Development Foundation Inc spend its money?
Fort Smith Chamber Economic Development Foundation Inc reported $21K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fort Smith Chamber Economic Development Foundation Inc tax-deductible?
Fort Smith Chamber Economic Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 581994607). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fort Smith Chamber Economic Development Foundation Inc located?
Fort Smith Chamber Economic Development Foundation Inc is headquartered in Fort Smith, Arkansas and files with the IRS under EIN 581994607. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Fort Smith Chamber Economic Development Foundation Inc have?
Fort Smith Chamber Economic Development Foundation 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 $21K in total revenue.
Filing History
IRS 990 filing history for Fort Smith Chamber Economic Development Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fort Smith Chamber Economic Development Foundation Inc's revenue has declined by 91.5%, moving from $183K to $16K. Total assets decreased by 33.9% over the same period, from $1.1M to $696K. Total functional expenses fell by 100%, from $16K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $0 | $696K | $0 | — | — |
| 2022 | $321 | $7K | $680K | $0 | — | View 990 |
| 2021 | $290 | $0 | $686K | $0 | — | — |
| 2020 | $1K | $0 | $686K | $0 | — | — |
| 2019 | $2K | $0 | $685K | $0 | — | View 990 |
| 2018 | $1K | $0 | $683K | $0 | — | View 990 |
| 2017 | $1K | $0 | $681K | $0 | — | View 990 |
| 2016 | $499K | $0 | $686K | $5K | — | View 990 |
| 2015 | $975 | $0 | $685K | $503K | — | View 990 |
| 2014 | $1K | $145K | $684K | $504K | — | View 990 |
| 2013 | $974 | $149K | $696K | $372K | — | View 990 |
| 2012 | $4K | $149K | $699K | $227K | — | View 990 |
| 2011 | $3K | $164K | $998K | $340K | — | View 990 |
| 2010 | $183K | $16K | $1.1M | $234K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $0, and assets of $696K (revenue +4761.4% year-over-year).
- 2022: Revenue of $321, expenses of $7K, and assets of $680K (revenue +10.7% year-over-year).
- 2021: Revenue of $290, expenses of $0, and assets of $686K (revenue -74.1% year-over-year).
- 2020: Revenue of $1K, expenses of $0, and assets of $686K (revenue -47.9% year-over-year).
- 2019: Revenue of $2K, expenses of $0, and assets of $685K (revenue +57.2% year-over-year).
- 2018: Revenue of $1K, expenses of $0, and assets of $683K (revenue +33.5% year-over-year).
- 2017: Revenue of $1K, expenses of $0, and assets of $681K (revenue -99.8% year-over-year).
- 2016: Revenue of $499K, expenses of $0, and assets of $686K (revenue +51076.7% year-over-year).
- 2015: Revenue of $975, expenses of $0, and assets of $685K (revenue -30.0% year-over-year).
- 2014: Revenue of $1K, expenses of $145K, and assets of $684K (revenue +43.0% year-over-year).
- 2013: Revenue of $974, expenses of $149K, and assets of $696K (revenue -73.7% year-over-year).
- 2012: Revenue of $4K, expenses of $149K, and assets of $699K (revenue +9.0% year-over-year).
- 2011: Revenue of $3K, expenses of $164K, and assets of $998K (revenue -98.1% year-over-year).
- 2010: Revenue of $183K, expenses of $16K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Smith Chamber Economic Development Foundation Inc:
Data Sources and Methodology
This transparency report for Fort Smith Chamber Economic Development Foundation 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.