Ge Chamber Foundation
EIN: 824824489 · Chicago, IL · NTEE: B02
| Metric | Value |
|---|---|
| Total Revenue | $933K |
| Total Expenses | $332K |
| Net Assets | $281K |
Is Ge Chamber Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ge Chamber Foundation
Ge Chamber Foundation (EIN: 824824489) is a nonprofit organization based in Chicago, IL, classified under NTEE code B02. The organization reported total revenue of $933K and total assets of $497K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ge Chamber Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ge Chamber Foundation is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $286K |
| Total Expenses | $332K |
| Surplus / Deficit | $-46,902 |
| Total Assets | $303K |
| Total Liabilities | $22K |
| Net Assets | $281K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Ge Chamber Foundation reported a deficit of $47K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +66.8% | -18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ge Chamber Foundation 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 Ge Chamber Foundation 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 $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.3%.
Frequently Asked Questions about Ge Chamber Foundation
Is Ge Chamber Foundation a legitimate charity?
Ge Chamber Foundation (EIN: 824824489) is a registered tax-exempt nonprofit based in Illinois. It has 4 years of IRS 990 filings on record. Total revenue: $933K. No red flags identified. Financial health grade: B.
How does Ge Chamber Foundation spend its money?
Ge Chamber Foundation reported $933K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ge Chamber Foundation tax-deductible?
Ge Chamber Foundation is registered as a tax-exempt nonprofit (EIN: 824824489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ge Chamber Foundation located?
Ge Chamber Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 824824489. It is classified under NTEE code B02.
How many years of IRS 990 filings does Ge Chamber Foundation have?
Ge Chamber Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $933K in total revenue.
Filing History
IRS 990 filing history for Ge Chamber Foundation showing financial trends over 4 years of public records:
Total assets increased by 30310600% over the same period, from $1 to $303K. In its most recent filing year (2023), Ge Chamber Foundation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $22K in liabilities against $303K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $332K | $303K | $22K | — | — |
| 2022 | $312K | $199K | $373K | $45K | — | View 990 |
| 2021 | $0 | $0 | $444K | $0 | — | View 990 |
| 2020 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $332K, and assets of $303K (revenue -8.4% year-over-year).
- 2022: Revenue of $312K, expenses of $199K, and assets of $373K.
- 2021: Revenue of $0, expenses of $0, and assets of $444K.
- 2020: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ge Chamber Foundation:
Data Sources and Methodology
This transparency report for Ge Chamber Foundation 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.