Greater Concord Chamber Of Commerce
Greater Concord Chamber Of Commerce maintains stable finances with consistent revenue and expenses, reporting 0% officer compensation.
EIN: 20121350 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $686K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $610K |
| Transparency Score | 75/100 |
Is Greater Concord Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Concord Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greater Concord Chamber Of Commerce
Greater Concord Chamber Of Commerce (EIN: 20121350) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $778K and total assets of $654K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Concord Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Concord Chamber Of Commerce is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $723K |
| Total Expenses | $686K |
| Surplus / Deficit | +$38K |
| Total Assets | $706K |
| Total Liabilities | $96K |
| Net Assets | $610K |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Greater Concord Chamber Of Commerce reported a surplus of $38K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Concord Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -11.9% | +7.6% |
| 2022 | -17.7% | +9.1% | -13.7% |
| 2021 | +27.8% | +10.9% | +17.0% |
| 2020 | -17.8% | -17.3% | -6.2% |
| 2019 | +1.5% | +4.7% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
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 Concord Chamber Of Commerce with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Greater Concord Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of this size with revenues typically exceeding $700,000. This suggests that executive leadership may be volunteer-based or compensated through non-officer roles, which could contribute to lower administrative overhead.
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 Concord Chamber Of Commerce's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes program efficiency difficult to fully assess.
- Unknown NTEE code limits ability to benchmark against similar organizations.
- Consistent 0% officer compensation is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Greater Concord Chamber Of Commerce:
- Consistent positive net assets, with $705,588 in assets against $95,810 in liabilities in the latest filing (202309).
- Regular and consistent filing of IRS Form 990s over 13 periods, indicating transparency.
- Generally stable revenue and expense patterns over the past decade, demonstrating operational consistency.
- Positive operating margin in the latest filing (202309), with revenues exceeding expenses.
Frequently Asked Questions about Greater Concord Chamber Of Commerce
Is Greater Concord Chamber Of Commerce a legitimate charity?
Greater Concord Chamber Of Commerce (EIN: 20121350) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $778K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Greater Concord Chamber Of Commerce spend its money?
Greater Concord Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Greater Concord Chamber Of Commerce tax-deductible?
Greater Concord Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20121350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greater Concord Chamber Of Commerce CEO make?
Greater Concord Chamber Of Commerce's highest-compensated officer earns $700,000. annually. The organization reported $778K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greater Concord Chamber Of Commerce's spending goes to programs?
Greater Concord Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Greater Concord Chamber Of Commerce located?
Greater Concord Chamber Of Commerce is headquartered in Concord, New Hampshire and files with the IRS under EIN 20121350.
How many years of IRS 990 filings does Greater Concord Chamber Of Commerce have?
Greater Concord Chamber Of Commerce 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 $778K in total revenue.
Is the Greater Concord Chamber Of Commerce financially stable?
Yes, the Greater Concord Chamber Of Commerce appears financially stable. Their latest filing (202309) shows revenues of $723,481 exceeding expenses of $685,699, and they maintain healthy assets of $705,588 against liabilities of $95,810.
How does the organization compensate its leadership?
All available IRS 990 filings consistently report 0% officer compensation. This suggests that top leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated over the past decade, ranging from a low of $632,504 in 202009 to a high of $887,354 in 201709. The latest revenue (202309) was $723,481, indicating a relatively stable operating environment.
Filing History
IRS 990 filing history for Greater Concord Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Concord Chamber Of Commerce's revenue has grown by 6.3%, moving from $681K to $723K. Total assets increased by 46.2% over the same period, from $483K to $706K. Total functional expenses rose by 2.6%, from $669K to $686K. In its most recent filing year (2023), Greater Concord Chamber Of Commerce reported a surplus of $38K, with revenue exceeding expenses. The organization holds $96K in liabilities against $706K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $610K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $723K | $686K | $706K | $96K | — | View 990 |
| 2022 | $666K | $778K | $656K | $84K | — | View 990 |
| 2021 | $808K | $714K | $760K | $76K | — | View 990 |
| 2020 | $633K | $643K | $650K | $60K | — | View 990 |
| 2019 | $770K | $778K | $693K | $93K | — | View 990 |
| 2018 | $758K | $743K | $731K | $123K | — | View 990 |
| 2017 | $887K | $813K | $722K | $128K | — | View 990 |
| 2016 | $834K | $767K | $634K | $115K | — | View 990 |
| 2015 | $743K | $751K | $591K | $140K | — | View 990 |
| 2014 | $712K | $728K | $573K | $114K | — | View 990 |
| 2013 | $749K | $698K | $550K | $75K | — | View 990 |
| 2012 | $706K | $697K | $526K | $102K | — | View 990 |
| 2011 | $681K | $669K | $483K | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $723K, expenses of $686K, and assets of $706K (revenue +8.7% year-over-year).
- 2022: Revenue of $666K, expenses of $778K, and assets of $656K (revenue -17.7% year-over-year).
- 2021: Revenue of $808K, expenses of $714K, and assets of $760K (revenue +27.8% year-over-year).
- 2020: Revenue of $633K, expenses of $643K, and assets of $650K (revenue -17.8% year-over-year).
- 2019: Revenue of $770K, expenses of $778K, and assets of $693K (revenue +1.5% year-over-year).
- 2018: Revenue of $758K, expenses of $743K, and assets of $731K (revenue -14.5% year-over-year).
- 2017: Revenue of $887K, expenses of $813K, and assets of $722K (revenue +6.4% year-over-year).
- 2016: Revenue of $834K, expenses of $767K, and assets of $634K (revenue +12.3% year-over-year).
- 2015: Revenue of $743K, expenses of $751K, and assets of $591K (revenue +4.3% year-over-year).
- 2014: Revenue of $712K, expenses of $728K, and assets of $573K (revenue -5.0% year-over-year).
- 2013: Revenue of $749K, expenses of $698K, and assets of $550K (revenue +6.1% year-over-year).
- 2012: Revenue of $706K, expenses of $697K, and assets of $526K (revenue +3.8% year-over-year).
- 2011: Revenue of $681K, expenses of $669K, and assets of $483K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Concord Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Greater Concord Chamber Of Commerce 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.