Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake
EIN: 520681409 · Mchenry, MD
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Net Assets | $1.1M |
Is Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake
Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake (EIN: 520681409) is a nonprofit organization based in Mchenry, MD. The organization reported total revenue of $1.6M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$314K |
| Total Assets | $1.7M |
| Total Liabilities | $506K |
| Net Assets | $1.1M |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2023, Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake reported a surplus of $314K with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.5% | +42.8% | +72.9% |
| 2022 | -19.2% | -14.5% | +3.4% |
| 2021 | +12.7% | +12.5% | +24.4% |
| 2020 | +5.3% | -3.2% | +41.2% |
| 2019 | +3.3% | +3.1% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake 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 Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake 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 surplus of $314K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Frequently Asked Questions about Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake
Is Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake a legitimate charity?
Based on AI analysis of IRS 990 filings, Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake (EIN: 520681409) insufficient data. 0 red flags identified, 0 strengths noted.
How does Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake spend its money?
Detailed spending breakdown data is not yet available for Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake. Check back for updated IRS 990 analysis.
Are donations to Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake tax-deductible?
Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake is registered as a tax-exempt nonprofit (EIN: 520681409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake located?
Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake is headquartered in Mchenry, Maryland and files with the IRS under EIN 520681409.
How many years of IRS 990 filings does Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake have?
Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake has 13 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake's revenue has grown by 89.5%, moving from $1.1M to $2.1M. Total assets increased by 560.8% over the same period, from $250K to $1.7M. Total functional expenses rose by 69.2%, from $1.0M to $1.8M. In its most recent filing year (2023), Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake reported a surplus of $314K, with revenue exceeding expenses. The organization holds $506K in liabilities against $1.7M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.8M | $1.7M | $506K | — | — |
| 2022 | $1.3M | $1.2M | $956K | $133K | — | View 990 |
| 2021 | $1.6M | $1.4M | $925K | $115K | — | — |
| 2020 | $1.4M | $1.3M | $743K | $137K | — | — |
| 2019 | $1.4M | $1.3M | $527K | $71K | — | View 990 |
| 2018 | $1.3M | $1.3M | $527K | $103K | — | View 990 |
| 2017 | $1.3M | $1.3M | $457K | $68K | — | View 990 |
| 2016 | $1.2M | $1.2M | $429K | $71K | — | View 990 |
| 2015 | $1.2M | $1.2M | $392K | $50K | — | View 990 |
| 2014 | $1.4M | $1.3M | $377K | $58K | — | View 990 |
| 2013 | $1.2M | $1.2M | $358K | $114K | — | View 990 |
| 2012 | $1.0M | $952K | $264K | $38K | — | View 990 |
| 2011 | $1.1M | $1.0M | $250K | $99K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.8M, and assets of $1.7M (revenue +59.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $956K (revenue -19.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $925K (revenue +12.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $743K (revenue +5.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $527K (revenue +3.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $527K (revenue +1.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $457K (revenue +6.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $429K (revenue -2.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $392K (revenue -9.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $377K (revenue +10.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $358K (revenue +21.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $952K, and assets of $264K (revenue -6.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake:
Data Sources and Methodology
This transparency report for Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake 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.