Greater Claremont Chamber Of Commerce Scholarship Fund
Greater Claremont Chamber Of Commerce Scholarship Fund operates with minimal revenue and expenses, maintaining a small asset base.
EIN: 20483503 · Claremont, NH · NTEE: B82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $150 |
| Program Spending | 100% |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Greater Claremont Chamber Of Commerce Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Claremont Chamber Of Commerce Scholarship Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Claremont Chamber Of Commerce Scholarship Fund
Greater Claremont Chamber Of Commerce Scholarship Fund (EIN: 20483503) is a nonprofit organization based in Claremont, NH, classified under NTEE code B82Z. The organization reported total revenue of $0 and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Claremont Chamber Of Commerce Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Claremont Chamber Of Commerce Scholarship Fund is a micro nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | +393.3% | -49.9% |
| 2021 | +34000.0% | -77.7% | -1.6% |
| 2020 | -99.9% | +48.3% | -30.8% |
| 2019 | -72.4% | +2261.5% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Greater Claremont Chamber Of Commerce Scholarship Fund 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Greater Claremont Chamber Of Commerce Scholarship Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and receives no salary, which is appropriate for an organization of this size and financial activity.
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 Claremont Chamber Of Commerce Scholarship Fund's IRS 990 filings:
- Consistent $0 or near-$0 revenue in recent years, indicating potential sustainability issues.
- Declining asset base from $4,080 in 2020 to $3,723 in 2023, suggesting expenses are being covered by existing funds rather than new income.
Strengths
The following positive indicators were identified for Greater Claremont Chamber Of Commerce Scholarship Fund:
- Zero officer compensation, indicating a volunteer-driven model and efficient use of funds.
- Low liabilities ($0 across all filings), demonstrating financial prudence and no debt.
- Minimal overhead due to very low expenses, suggesting that any funds received are likely directed towards its mission.
Frequently Asked Questions about Greater Claremont Chamber Of Commerce Scholarship Fund
Is Greater Claremont Chamber Of Commerce Scholarship Fund a legitimate charity?
Greater Claremont Chamber Of Commerce Scholarship Fund (EIN: 20483503) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Greater Claremont Chamber Of Commerce Scholarship Fund spend its money?
Greater Claremont Chamber Of Commerce Scholarship Fund directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Greater Claremont Chamber Of Commerce Scholarship Fund tax-deductible?
Greater Claremont Chamber Of Commerce Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 20483503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greater Claremont Chamber Of Commerce Scholarship Fund compare to similar nonprofits?
With a transparency score of 70/100 (Good), Greater Claremont Chamber Of Commerce Scholarship Fund is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Claremont Chamber Of Commerce Scholarship Fund located?
Greater Claremont Chamber Of Commerce Scholarship Fund is headquartered in Claremont, New Hampshire and files with the IRS under EIN 20483503. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Greater Claremont Chamber Of Commerce Scholarship Fund have?
Greater Claremont Chamber Of Commerce Scholarship Fund 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.
Is the Greater Claremont Chamber Of Commerce Scholarship Fund actively raising funds?
Based on the consistent reporting of $0 or very low revenue (e.g., $0 in 2023 and 2022, $341 in 2021), it appears the organization is not actively or successfully raising significant funds, or its fundraising efforts are extremely limited.
What are the primary expenses for this organization?
Given the low expense figures (e.g., $150 in 2023, $2,003 in 2022), the primary expenses are likely administrative costs associated with maintaining its legal status and potentially very small scholarship disbursements, though specific details are not provided in this summary.
How does the organization sustain itself with $0 revenue in recent years?
The organization appears to be drawing down its existing assets to cover minimal expenses, as seen in the asset decrease from $4,015 in 2021 to $3,723 in 2023, while revenue remained negligible. This is not sustainable long-term without new funding.
Filing History
IRS 990 filing history for Greater Claremont Chamber Of Commerce Scholarship Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Claremont Chamber Of Commerce Scholarship Fund's revenue has declined by 100%, moving from $11 to $0. Total assets decreased by 40.1% over the same period, from $6K to $4K. Total functional expenses fell by 74%, from $578 to $150.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $150 | $4K | $0 | — | — |
| 2022 | $0 | $2K | $2K | $0 | — | — |
| 2021 | $341 | $406 | $4K | $0 | — | — |
| 2020 | $1 | $2K | $4K | $0 | — | — |
| 2019 | $684 | $1K | $6K | $0 | — | View 990 |
| 2018 | $2K | $52 | $6K | $0 | — | View 990 |
| 2017 | $16 | $0 | $4K | $0 | — | View 990 |
| 2016 | $16 | $0 | $4K | $0 | — | View 990 |
| 2015 | $0 | $1K | $4K | $0 | — | View 990 |
| 2014 | $10 | $575 | $5K | $0 | — | — |
| 2013 | $18 | $575 | $5K | $0 | — | View 990 |
| 2012 | $35 | $575 | $6K | $0 | — | View 990 |
| 2011 | $11 | $578 | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $150, and assets of $4K.
- 2022: Revenue of $0, expenses of $2K, and assets of $2K (revenue -100.0% year-over-year).
- 2021: Revenue of $341, expenses of $406, and assets of $4K (revenue +34000.0% year-over-year).
- 2020: Revenue of $1, expenses of $2K, and assets of $4K (revenue -99.9% year-over-year).
- 2019: Revenue of $684, expenses of $1K, and assets of $6K (revenue -72.4% year-over-year).
- 2018: Revenue of $2K, expenses of $52, and assets of $6K (revenue +15375.0% year-over-year).
- 2017: Revenue of $16, expenses of $0, and assets of $4K (revenue +0.0% year-over-year).
- 2016: Revenue of $16, expenses of $0, and assets of $4K.
- 2015: Revenue of $0, expenses of $1K, and assets of $4K (revenue -100.0% year-over-year).
- 2014: Revenue of $10, expenses of $575, and assets of $5K (revenue -44.4% year-over-year).
- 2013: Revenue of $18, expenses of $575, and assets of $5K (revenue -48.6% year-over-year).
- 2012: Revenue of $35, expenses of $575, and assets of $6K (revenue +218.2% year-over-year).
- 2011: Revenue of $11, expenses of $578, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Claremont Chamber Of Commerce Scholarship Fund:
Data Sources and Methodology
This transparency report for Greater Claremont Chamber Of Commerce Scholarship Fund 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.