Foundation For The Asian Pacificamerican Chamber Of Commerce Inc
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc operates with minimal revenue and assets, relying on volunteer leadership.
EIN: 204956912 · Washington, DC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $7K |
| Program Spending | 80% |
| Transparency Score | 70/100 |
Is Foundation For The Asian Pacificamerican Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For The Asian Pacificamerican Chamber Of Commerce Inc
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc (EIN: 204956912) is a nonprofit organization based in Washington, DC, classified under NTEE code B82. The organization reported total revenue of $3K and total assets of $261 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Asian Pacificamerican Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $7K |
| Surplus / Deficit | $-98 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -1.5% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Foundation For The Asian Pacificamerican Chamber Of Commerce Inc reported a deficit of $98 with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Foundation For The Asian Pacificamerican Chamber Of Commerce Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | -98.1% | — |
| 2020 | -14.6% | -2.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Foundation For The Asian Pacificamerican Chamber Of Commerce Inc with a Mission Score of 70 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Foundation For The Asian Pacificamerican Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 deficit of $98, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is run by volunteers and does not allocate any funds to officer salaries, which is appropriate for an organization of its extremely small size and revenue.
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 Foundation For The Asian Pacificamerican Chamber Of Commerce Inc's IRS 990 filings:
- Consistently low and often zero revenue, indicating potential instability or very limited operational capacity.
- Minimal assets ($261 latest, often $0) suggesting no financial reserves or capital for growth.
- Lack of detailed expense breakdown in provided data makes full financial analysis challenging.
Strengths
The following positive indicators were identified for Foundation For The Asian Pacificamerican Chamber Of Commerce Inc:
- Consistent 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for administrative salaries.
- Long filing history (14 filings) suggests continued operation despite minimal resources.
- Low liabilities (often $0) indicating the organization is not accumulating debt.
Frequently Asked Questions about Foundation For The Asian Pacificamerican Chamber Of Commerce Inc
Is Foundation For The Asian Pacificamerican Chamber Of Commerce Inc a legitimate charity?
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc (EIN: 204956912) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $3K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Foundation For The Asian Pacificamerican Chamber Of Commerce Inc spend its money?
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Foundation For The Asian Pacificamerican Chamber Of Commerce Inc tax-deductible?
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 204956912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Foundation For The Asian Pacificamerican Chamber Of Commerce Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Foundation For The Asian Pacificamerican Chamber Of Commerce Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For The Asian Pacificamerican Chamber Of Commerce Inc located?
Foundation For The Asian Pacificamerican Chamber Of Commerce Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 204956912. It is classified under NTEE code B82.
How many years of IRS 990 filings does Foundation For The Asian Pacificamerican Chamber Of Commerce Inc have?
Foundation For The Asian Pacificamerican Chamber Of Commerce 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 $3K in total revenue.
What are the specific programs or activities the Foundation For The Asian Pacificamerican Chamber Of Commerce Inc undertakes?
Based on the provided financial data, specific program details are not available. The NTEE code B82 suggests it is involved in 'Business & Commerce Support', but without further information, the exact nature of its activities remains unclear.
How does the organization manage to operate with such consistently low revenue and assets?
The organization likely operates on a very lean budget, possibly relying heavily on in-kind donations, volunteer labor, and minimal operational costs. The frequent reporting of $0 assets and liabilities suggests that funds are spent almost immediately as they are received, or that its activities require very little capital.
Is the Foundation For The Asian Pacificamerican Chamber Of Commerce Inc financially sustainable given its fluctuating and often zero revenue?
While the organization has persisted for many years despite fluctuating and often zero revenue, its sustainability is likely tied to its ability to secure small, intermittent grants or donations for specific, low-cost activities. It does not appear to have significant reserves to weather prolonged periods without funding.
Filing History
IRS 990 filing history for Foundation For The Asian Pacificamerican Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Foundation For The Asian Pacificamerican Chamber Of Commerce Inc's revenue has declined by 79.8%, moving from $32K to $7K. Total assets decreased by 100% over the same period, from $36K to $0. Total functional expenses fell by 57.4%, from $15K to $7K. In its most recent filing year (2023), Foundation For The Asian Pacificamerican Chamber Of Commerce Inc reported a deficit of $98, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $7K | $0 | $0 | — | — |
| 2022 | $0 | $257 | $0 | $0 | — | — |
| 2021 | $0 | $306 | $0 | $0 | — | — |
| 2020 | $16K | $16K | $0 | $0 | — | — |
| 2019 | $19K | $16K | $0 | $0 | — | View 990 |
| 2018 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $0 | $17K | $0 | $0 | — | View 990 |
| 2016 | $18K | $18K | $1 | $0 | — | View 990 |
| 2015 | $20K | $20K | $0 | $0 | — | View 990 |
| 2014 | $20K | $21K | $0 | $0 | — | View 990 |
| 2013 | $0 | $29K | $1K | $0 | — | View 990 |
| 2012 | $21K | $31K | $30K | $0 | — | View 990 |
| 2011 | $24K | $22K | $39K | $0 | — | View 990 |
| 2010 | $32K | $15K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $7K, and assets of $0.
- 2022: Revenue of $0, expenses of $257, and assets of $0.
- 2021: Revenue of $0, expenses of $306, and assets of $0 (revenue -100.0% year-over-year).
- 2020: Revenue of $16K, expenses of $16K, and assets of $0 (revenue -14.6% year-over-year).
- 2019: Revenue of $19K, expenses of $16K, and assets of $0.
- 2018: Revenue of $0, expenses of $0, and assets of $0.
- 2017: Revenue of $0, expenses of $17K, and assets of $0 (revenue -100.0% year-over-year).
- 2016: Revenue of $18K, expenses of $18K, and assets of $1 (revenue -10.0% year-over-year).
- 2015: Revenue of $20K, expenses of $20K, and assets of $0 (revenue +-0.0% year-over-year).
- 2014: Revenue of $20K, expenses of $21K, and assets of $0.
- 2013: Revenue of $0, expenses of $29K, and assets of $1K (revenue -100.0% year-over-year).
- 2012: Revenue of $21K, expenses of $31K, and assets of $30K (revenue -13.3% year-over-year).
- 2011: Revenue of $24K, expenses of $22K, and assets of $39K (revenue -24.2% year-over-year).
- 2010: Revenue of $32K, expenses of $15K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For The Asian Pacificamerican Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Foundation For The Asian Pacificamerican Chamber Of Commerce 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.