Foundation Of The Greater New Haven Chamber Of Commerce Inc
EIN: 61142015 · New Haven, CT · NTEE: Z99
| Metric | Value |
|---|---|
| Total Revenue | $134K |
| Total Expenses | $166K |
| Net Assets | $49K |
Is Foundation Of The Greater New Haven Chamber Of Commerce Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation Of The Greater New Haven Chamber Of Commerce Inc
Foundation Of The Greater New Haven Chamber Of Commerce Inc (EIN: 61142015) is a nonprofit organization based in New Haven, CT, classified under NTEE code Z99. The organization reported total revenue of $134K and total assets of $169K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Of The Greater New Haven Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation Of The Greater New Haven Chamber Of Commerce Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $166K |
| Surplus / Deficit | $-1,262 |
| Total Assets | $151K |
| Total Liabilities | $101K |
| Net Assets | $49K |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 67.4% |
| Months of Reserves | 10.9 months |
Financial Health Grade: C
In 2024, Foundation Of The Greater New Haven Chamber Of Commerce Inc reported a deficit of $1K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 67.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Foundation Of The Greater New Haven Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.4% | +20.1% | -14.7% |
| 2023 | +52.5% | +33.2% | +21.9% |
| 2022 | -52.8% | -43.3% | +108.8% |
| 2021 | +100.6% | +75.4% | -32.5% |
| 2020 | -23.7% | -27.4% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation Of The Greater New Haven Chamber Of Commerce 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 Foundation Of The Greater New Haven Chamber Of Commerce 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.4%.
Frequently Asked Questions about Foundation Of The Greater New Haven Chamber Of Commerce Inc
Is Foundation Of The Greater New Haven Chamber Of Commerce Inc a legitimate charity?
Foundation Of The Greater New Haven Chamber Of Commerce Inc (EIN: 61142015) is a registered tax-exempt nonprofit based in Connecticut. It has 14 years of IRS 990 filings on record. Total revenue: $134K. No red flags identified. Financial health grade: C.
How does Foundation Of The Greater New Haven Chamber Of Commerce Inc spend its money?
Foundation Of The Greater New Haven Chamber Of Commerce Inc reported $134K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foundation Of The Greater New Haven Chamber Of Commerce Inc tax-deductible?
Foundation Of The Greater New Haven Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 61142015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation Of The Greater New Haven Chamber Of Commerce Inc located?
Foundation Of The Greater New Haven Chamber Of Commerce Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61142015. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Foundation Of The Greater New Haven Chamber Of Commerce Inc have?
Foundation Of The Greater New Haven 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 $134K in total revenue.
Filing History
IRS 990 filing history for Foundation Of The Greater New Haven Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Foundation Of The Greater New Haven Chamber Of Commerce Inc's revenue has grown by 39.4%, moving from $118K to $165K. Total assets decreased by 7.7% over the same period, from $163K to $151K. Total functional expenses rose by 33.7%, from $124K to $166K. In its most recent filing year (2024), Foundation Of The Greater New Haven Chamber Of Commerce Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $101K in liabilities against $151K in assets (debt-to-asset ratio: 67.4%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $165K | $166K | $151K | $101K | — | View 990 |
| 2023 | $154K | $139K | $176K | $126K | — | View 990 |
| 2022 | $101K | $104K | $145K | $110K | — | View 990 |
| 2021 | $213K | $184K | $69K | $31K | — | — |
| 2020 | $106K | $105K | $103K | $94K | — | View 990 |
| 2019 | $139K | $144K | $120K | $113K | — | View 990 |
| 2018 | $133K | $139K | $118K | $107K | — | View 990 |
| 2017 | $130K | $135K | $107K | $89K | — | View 990 |
| 2016 | $123K | $128K | $134K | $112K | — | View 990 |
| 2015 | $164K | $115K | $166K | $139K | — | View 990 |
| 2014 | $101K | $109K | $138K | $160K | — | View 990 |
| 2013 | $126K | $136K | $167K | $180K | — | View 990 |
| 2012 | $360K | $169K | $174K | $177K | — | — |
| 2011 | $118K | $124K | $163K | $357K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $165K, expenses of $166K, and assets of $151K (revenue +7.4% year-over-year).
- 2023: Revenue of $154K, expenses of $139K, and assets of $176K (revenue +52.5% year-over-year).
- 2022: Revenue of $101K, expenses of $104K, and assets of $145K (revenue -52.8% year-over-year).
- 2021: Revenue of $213K, expenses of $184K, and assets of $69K (revenue +100.6% year-over-year).
- 2020: Revenue of $106K, expenses of $105K, and assets of $103K (revenue -23.7% year-over-year).
- 2019: Revenue of $139K, expenses of $144K, and assets of $120K (revenue +5.0% year-over-year).
- 2018: Revenue of $133K, expenses of $139K, and assets of $118K (revenue +2.0% year-over-year).
- 2017: Revenue of $130K, expenses of $135K, and assets of $107K (revenue +6.0% year-over-year).
- 2016: Revenue of $123K, expenses of $128K, and assets of $134K (revenue -25.0% year-over-year).
- 2015: Revenue of $164K, expenses of $115K, and assets of $166K (revenue +62.4% year-over-year).
- 2014: Revenue of $101K, expenses of $109K, and assets of $138K (revenue -19.8% year-over-year).
- 2013: Revenue of $126K, expenses of $136K, and assets of $167K (revenue -65.0% year-over-year).
- 2012: Revenue of $360K, expenses of $169K, and assets of $174K (revenue +203.8% year-over-year).
- 2011: Revenue of $118K, expenses of $124K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Of The Greater New Haven Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Foundation Of The Greater New Haven 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.