Greater Providence Chamber Foundation
Greater Providence Chamber Foundation: Strong Assets, Minimal Recent Activity
EIN: 222655490 · Providence, RI · NTEE: S41I · Updated: 2026-04-04
Is Greater Providence Chamber Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Providence Chamber Foundation
Greater Providence Chamber Foundation (EIN: 222655490) is a nonprofit organization based in Providence, RI, classified under NTEE code S41I. The organization reported total revenue of $0 and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Providence Chamber Foundation'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 Providence Chamber Foundation with a Mission Score of 60 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Greater Providence Chamber Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is either minimal, covered by a parent organization, or not disclosed in the summarized financial figures.
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 Providence Chamber Foundation's IRS 990 filings:
- Zero reported program expenses across all years, raising questions about direct charitable impact.
- Significant administrative expenses (e.g., $3355 in 2023, $2400 in 2022) with no corresponding program activity.
- Lack of detailed expenditure breakdown beyond broad categories.
Strengths
The following positive indicators were identified for Greater Providence Chamber Foundation:
- Consistent asset base, maintaining over $800,000 in recent years.
- Minimal liabilities reported, indicating financial stability.
- No reported fundraising costs, suggesting efficient asset management if its purpose is solely to hold funds.
Frequently Asked Questions about Greater Providence Chamber Foundation
Is Greater Providence Chamber Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Providence Chamber Foundation (EIN: 222655490) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Greater Providence Chamber Foundation spend its money?
Detailed spending breakdown data is not yet available for Greater Providence Chamber Foundation. Check back for updated IRS 990 analysis.
Are donations to Greater Providence Chamber Foundation tax-deductible?
Greater Providence Chamber Foundation is registered as a tax-exempt nonprofit (EIN: 222655490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Greater Providence Chamber Foundation do?
Greater Providence Chamber Foundation is a nonprofit organization in the Community Improvement sector, located in Providence, Rhode Island. It is classified under NTEE code S41I.
How much revenue does Greater Providence Chamber Foundation have?
Greater Providence Chamber Foundation reported total revenue of N/A. Based on 13 IRS 990 filings on record.
What are Greater Providence Chamber Foundation's total assets?
Greater Providence Chamber Foundation holds total assets of $807,431 as reported in IRS 990 filings.
Where is Greater Providence Chamber Foundation located?
Greater Providence Chamber Foundation is based in Providence, Rhode Island.
What is Greater Providence Chamber Foundation's EIN?
Greater Providence Chamber Foundation's Employer Identification Number (EIN) is 222655490. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greater Providence Chamber Foundation?
Greater Providence Chamber Foundation is classified under NTEE code S41I (Community Improvement).
Is Greater Providence Chamber Foundation a registered 501(c)(3)?
Yes, Greater Providence Chamber Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222655490.
Does Greater Providence Chamber Foundation file IRS Form 990?
Yes, Greater Providence Chamber Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Greater Providence Chamber Foundation's revenue in 2023?
In the 202309 filing period, Greater Providence Chamber Foundation reported total revenue of $40, total expenses of $3,355, and net assets of $810,394.
Is Greater Providence Chamber Foundation's revenue growing or declining?
Greater Providence Chamber Foundation's revenue is declining. Revenue went from $450 (202209) to $40 (202309), a -91.1% change. Based on 13 filings on record.
What is Greater Providence Chamber Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Greater Providence Chamber Foundation covers tax period 202309. It shows revenue of $40, expenses of $3,355, total assets of $810,394, and liabilities of N/A.
Is Greater Providence Chamber Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Greater Providence Chamber Foundation shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Greater Providence Chamber Foundation?
The following concerns were identified: Zero reported program expenses across all years, raising questions about direct charitable impact.. Significant administrative expenses (e.g., $3355 in 2023, $2400 in 2022) with no corresponding program activity.. Lack of detailed expenditure breakdown beyond broad categories.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Greater Providence Chamber Foundation's strengths?
Positive indicators for Greater Providence Chamber Foundation include: Consistent asset base, maintaining over $800,000 in recent years.. Minimal liabilities reported, indicating financial stability.. No reported fundraising costs, suggesting efficient asset management if its purpose is solely to hold funds.. These findings are derived from AI analysis of the organization's financial filings.
How does Greater Providence Chamber Foundation compensate executives?
Executive compensation is not reported in the provided data, suggesting it is either minimal, covered by a parent organization, or not disclosed in the summarized financial figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program expenses and significant assets, what is the primary charitable purpose or activity of the Greater Providence Chamber Foundation?
The data suggests the foundation primarily functions as an asset-holding entity, potentially for future initiatives or as an endowment for a related organization (like the Greater Providence Chamber of Commerce), rather than directly operating programs. Its 'S41I' National Taxonomy of Exempt Entities code often indicates 'Supporting Organizations' or 'Fund-Raising & Related Activities' for other organizations.
How does the foundation sustain its operations with minimal revenue in recent years, and what are the sources of its administrative expenses?
With revenues of $0 in 2023, 2021, and 2020, and only $450 in 2022, the foundation appears to be drawing on its existing asset base to cover administrative costs. The specific nature of these administrative expenses (e.g., legal, accounting, investment management fees) is not detailed in the provided summary.
Filing History
IRS 990 filing history for Greater Providence Chamber Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Providence Chamber Foundation's revenue has declined by 99.8%, moving from $25K to $40. Total assets decreased by 1.3% over the same period, from $821K to $810K. Total functional expenses fell by 91.6%, from $40K to $3K. In its most recent filing year (2023), Greater Providence Chamber Foundation reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $40 | $3K | $810K | $0 | — | View 990 |
| 2022 | $450 | $2K | $816K | $2K | — | — |
| 2021 | $0 | $2K | $816K | $0 | — | — |
| 2020 | $0 | $2K | $818K | $0 | — | View 990 |
| 2019 | $125K | $77K | $821K | $0 | — | View 990 |
| 2018 | $173K | $447K | $874K | $101K | — | View 990 |
| 2017 | $251K | $447K | $1.1M | $33K | — | View 990 |
| 2016 | $478K | $38K | $1.2M | $5K | — | View 990 |
| 2015 | $0 | $45 | $806K | $2K | — | View 990 |
| 2014 | $12K | $12K | $806K | $2K | — | View 990 |
| 2013 | $10K | $10K | $804K | $116 | — | View 990 |
| 2012 | $15K | $15K | $819K | $15K | — | View 990 |
| 2011 | $25K | $40K | $821K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40, expenses of $3K, and assets of $810K (revenue -91.1% year-over-year).
- 2022: Revenue of $450, expenses of $2K, and assets of $816K.
- 2021: Revenue of $0, expenses of $2K, and assets of $816K.
- 2020: Revenue of $0, expenses of $2K, and assets of $818K (revenue -100.0% year-over-year).
- 2019: Revenue of $125K, expenses of $77K, and assets of $821K (revenue -27.7% year-over-year).
- 2018: Revenue of $173K, expenses of $447K, and assets of $874K (revenue -31.1% year-over-year).
- 2017: Revenue of $251K, expenses of $447K, and assets of $1.1M (revenue -47.4% year-over-year).
- 2016: Revenue of $478K, expenses of $38K, and assets of $1.2M.
- 2015: Revenue of $0, expenses of $45, and assets of $806K (revenue -100.0% year-over-year).
- 2014: Revenue of $12K, expenses of $12K, and assets of $806K (revenue +15.0% year-over-year).
- 2013: Revenue of $10K, expenses of $10K, and assets of $804K (revenue -33.3% year-over-year).
- 2012: Revenue of $15K, expenses of $15K, and assets of $819K (revenue -40.0% year-over-year).
- 2011: Revenue of $25K, expenses of $40K, and assets of $821K.
Data Sources and Methodology
This transparency report for Greater Providence 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.