Greater Canon City Chamber Of Commerce Foundation Inc
Greater Canon City Chamber Of Commerce Foundation Inc maintains minimal expenses and zero officer compensation.
EIN: 203161502 · Canon City, CO · NTEE: B12 · Updated: 2026-03-28
Is Greater Canon City Chamber Of Commerce Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Canon City Chamber Of Commerce Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Canon City Chamber Of Commerce Foundation Inc
Greater Canon City Chamber Of Commerce Foundation Inc (EIN: 203161502) is a nonprofit organization based in Canon City, CO, classified under NTEE code B12. The organization reported total revenue of $1.5M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Canon City Chamber Of Commerce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Canon City Chamber Of Commerce Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Greater Canon City Chamber Of Commerce Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly favorable for resource allocation.
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 Greater Canon City Chamber Of Commerce Foundation Inc's IRS 990 filings:
- Lack of detailed program expense breakdown in available summary data, making it difficult to assess direct program impact.
Strengths
The following positive indicators were identified for Greater Canon City Chamber Of Commerce Foundation Inc:
- Consistently reports 0% officer compensation, ensuring resources are not diverted to executive salaries.
- Maintains very low operating expenses, indicating efficient financial management.
- Consistent growth in assets over time, demonstrating financial stability.
- Zero liabilities reported in most recent filings, indicating strong financial health.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Greater Canon City Chamber Of Commerce Foundation Inc
Is Greater Canon City Chamber Of Commerce Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Canon City Chamber Of Commerce Foundation Inc (EIN: 203161502) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Greater Canon City Chamber Of Commerce Foundation Inc spend its money?
Greater Canon City Chamber Of Commerce Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Canon City Chamber Of Commerce Foundation Inc tax-deductible?
Greater Canon City Chamber Of Commerce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203161502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greater Canon City Chamber Of Commerce Foundation Inc a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial health with minimal expenses and zero officer compensation, suggesting efficient use of funds. However, without detailed program expense breakdowns, it's challenging to fully assess the impact of its programs.
What is the primary use of the organization's revenue?
Given the very low expense figures (e.g., $0 in 202312 and $3,035 in 202212) relative to revenue, a significant portion of the organization's revenue appears to be retained, contributing to its asset base, which has grown from $1,200 in 201312 to $21,019 in 202312.
How has the organization's financial position changed over time?
The organization has shown consistent growth in assets, from $1,200 in 201312 to $21,019 in 202312, while generally maintaining low expenses and zero liabilities, indicating stable financial management and accumulation of resources.
Filing History
IRS 990 filing history for Greater Canon City Chamber Of Commerce Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2013–2023), Greater Canon City Chamber Of Commerce Foundation Inc's revenue has grown by 610.5%, moving from $3K to $23K. Total assets increased by 1651.6% over the same period, from $1K to $21K. Total functional expenses fell by 100%, from $2K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $0 | $21K | $0 | — | — |
| 2022 | $22K | $3K | $23K | $0 | — | View 990 |
| 2021 | $942 | $0 | $74K | $0 | — | View 990 |
| 2020 | $6K | $865 | $73K | $0 | — | — |
| 2019 | $98K | $25K | $95K | $16K | — | View 990 |
| 2018 | $37K | $33K | $6K | $0 | — | View 990 |
| 2013 | $3K | $2K | $1K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $0, and assets of $21K (revenue +3.7% year-over-year).
- 2022: Revenue of $22K, expenses of $3K, and assets of $23K (revenue +2227.1% year-over-year).
- 2021: Revenue of $942, expenses of $0, and assets of $74K (revenue -83.2% year-over-year).
- 2020: Revenue of $6K, expenses of $865, and assets of $73K (revenue -94.3% year-over-year).
- 2019: Revenue of $98K, expenses of $25K, and assets of $95K (revenue +161.2% year-over-year).
- 2018: Revenue of $37K, expenses of $33K, and assets of $6K (revenue +1069.6% year-over-year).
- 2013: Revenue of $3K, expenses of $2K, and assets of $1K.
Data Sources and Methodology
This transparency report for Greater Canon City Chamber Of Commerce Foundation 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.