Fort Sumner Chamber Of Commerce
EIN: 463932525 · Fort Sumner, NM · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $46K |
| Net Assets | $61K |
Is Fort Sumner 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 Fort Sumner Chamber Of Commerce
Fort Sumner Chamber Of Commerce (EIN: 463932525) is a nonprofit organization based in Fort Sumner, NM, classified under NTEE code S41. The organization reported total revenue of $77K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Sumner Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Sumner Chamber Of Commerce is a micro nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $46K |
| Surplus / Deficit | $-4,172 |
| Total Assets | $73K |
| Total Liabilities | $12K |
| Net Assets | $61K |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 18.8 months |
Financial Health Grade: B
In 2023, Fort Sumner Chamber Of Commerce reported a deficit of $4K with expenses exceeding revenue, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 6 years of filings (2016–2023), Fort Sumner Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | +16.2% | +9.0% |
| 2022 | -7.1% | +30.8% | -9.7% |
| 2020 | -100.0% | -100.0% | -100.0% |
| 2018 | -0.2% | +19.2% | +159.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fort Sumner 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 Fort Sumner 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Frequently Asked Questions about Fort Sumner Chamber Of Commerce
Is Fort Sumner Chamber Of Commerce a legitimate charity?
Fort Sumner Chamber Of Commerce (EIN: 463932525) is a registered tax-exempt nonprofit based in New Mexico. It has 6 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: B.
How does Fort Sumner Chamber Of Commerce spend its money?
Fort Sumner Chamber Of Commerce reported $77K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fort Sumner Chamber Of Commerce tax-deductible?
Fort Sumner Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 463932525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fort Sumner Chamber Of Commerce located?
Fort Sumner Chamber Of Commerce is headquartered in Fort Sumner, New Mexico and files with the IRS under EIN 463932525. It is classified under NTEE code S41.
How many years of IRS 990 filings does Fort Sumner Chamber Of Commerce have?
Fort Sumner Chamber Of Commerce has 6 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 $77K in total revenue.
Filing History
IRS 990 filing history for Fort Sumner Chamber Of Commerce showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2023), Fort Sumner Chamber Of Commerce's revenue has declined by 0.2%, moving from $42K to $42K. Total assets increased by 204.1% over the same period, from $24K to $73K. Total functional expenses rose by 23%, from $38K to $46K. In its most recent filing year (2023), Fort Sumner Chamber Of Commerce reported a deficit of $4K, with expenses exceeding revenue. The organization holds $12K in liabilities against $73K in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $46K | $73K | $12K | — | — |
| 2022 | $40K | $40K | $67K | $1K | — | — |
| 2021 | $43K | $31K | $74K | $8K | — | — |
| 2020 | $0 | $0 | $0 | $0 | — | — |
| 2018 | $42K | $45K | $62K | $4K | — | — |
| 2016 | $42K | $38K | $24K | $1K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $46K, and assets of $73K (revenue +7.1% year-over-year).
- 2022: Revenue of $40K, expenses of $40K, and assets of $67K (revenue -7.1% year-over-year).
- 2021: Revenue of $43K, expenses of $31K, and assets of $74K.
- 2020: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2018: Revenue of $42K, expenses of $45K, and assets of $62K (revenue -0.2% year-over-year).
- 2016: Revenue of $42K, expenses of $38K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Sumner Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Fort Sumner 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.