Greater Wildwood Chamber Of Commerce Corp
Greater Wildwood Chamber Of Commerce Corp reports deficit in latest year, maintains strong asset base with no reported officer compensation.
EIN: 210466195 · Wildwood, NJ · NTEE: S41 · Updated: 2026-03-28
Is Greater Wildwood Chamber Of Commerce Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Wildwood Chamber Of Commerce Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Wildwood Chamber Of Commerce Corp
Greater Wildwood Chamber Of Commerce Corp (EIN: 210466195) is a nonprofit organization based in Wildwood, NJ, classified under NTEE code S41. The organization reported total revenue of $507K and total assets of $593K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Wildwood Chamber Of Commerce Corp'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 Wildwood Chamber Of Commerce Corp 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: 80%
- fundraising: 10%
According to IRS 990 filings, Greater Wildwood Chamber Of Commerce Corp allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer executive leadership or that executive compensation is categorized differently within their expenses, which is a positive sign for minimizing overhead related to top salaries.
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 Wildwood Chamber Of Commerce Corp's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202312), indicating an operational deficit for the year.
- Significant year-over-year revenue fluctuations (e.g., $767,050 in 202212 down to $506,729 in 202312) could indicate unpredictable funding sources.
Strengths
The following positive indicators were identified for Greater Wildwood Chamber Of Commerce Corp:
- Consistent IRS 990 filing history (14 filings) demonstrates strong transparency.
- Healthy asset-to-liability ratio ($592,521 assets vs. $86,204 liabilities in 202312) indicates financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds for executive leadership.
- Maintains a substantial asset base despite occasional operational deficits.
Frequently Asked Questions about Greater Wildwood Chamber Of Commerce Corp
Is Greater Wildwood Chamber Of Commerce Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Wildwood Chamber Of Commerce Corp (EIN: 210466195) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Greater Wildwood Chamber Of Commerce Corp spend its money?
Greater Wildwood Chamber Of Commerce Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Wildwood Chamber Of Commerce Corp tax-deductible?
Greater Wildwood Chamber Of Commerce Corp is registered as a tax-exempt nonprofit (EIN: 210466195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Greater Wildwood Chamber Of Commerce Corp fund its operations given the fluctuating revenues and occasional deficits?
The organization's operations are funded through various revenue streams, which have fluctuated significantly, from a low of $339,442 in 202012 to a high of $767,050 in 202212. While there have been deficits in some years (e.g., $578,099 expenses vs. $506,729 revenue in 202312), the organization maintains a strong asset base ($592,521 in 202312) that can absorb short-term operational shortfalls.
What are the primary program activities of the Greater Wildwood Chamber Of Commerce Corp?
As a Chamber of Commerce (NTEE code S41 - Business & Commerce), its primary program activities would typically involve promoting local businesses, tourism, economic development, and community events in the Wildwood area. Specific details would require reviewing the full IRS 990 forms for program service accomplishments.
Is the 0% officer compensation truly reflective of no executive pay, or is it reported under other expense categories?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that any executive salaries are classified under other expense categories, such as 'salaries and wages' for general staff. Further review of the detailed expense breakdown in the full 990 forms would clarify this.
Filing History
IRS 990 filing history for Greater Wildwood Chamber Of Commerce Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Greater Wildwood Chamber Of Commerce Corp's revenue has declined by 32.2%, moving from $748K to $507K. Total assets decreased by 19.6% over the same period, from $737K to $593K. Total functional expenses fell by 21.7%, from $739K to $578K. In its most recent filing year (2023), Greater Wildwood Chamber Of Commerce Corp reported a deficit of $71K, with expenses exceeding revenue. The organization holds $86K in liabilities against $593K in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $506K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $507K | $578K | $593K | $86K | — | — |
| 2022 | $767K | $637K | $666K | $67K | — | View 990 |
| 2021 | $482K | $491K | $537K | $67K | — | View 990 |
| 2020 | $339K | $369K | $548K | $69K | — | View 990 |
| 2019 | $484K | $574K | $536K | $75K | — | — |
| 2018 | $640K | $624K | $632K | $81K | — | View 990 |
| 2017 | $615K | $551K | $615K | $79K | — | View 990 |
| 2016 | $669K | $502K | $547K | $73K | — | View 990 |
| 2015 | $466K | $509K | $498K | $193K | — | View 990 |
| 2014 | $591K | $618K | $529K | $181K | — | View 990 |
| 2013 | $671K | $657K | $575K | $215K | — | View 990 |
| 2012 | $610K | $646K | $566K | $221K | — | View 990 |
| 2011 | $618K | $707K | $615K | $238K | — | View 990 |
| 2010 | $748K | $739K | $737K | $267K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $507K, expenses of $578K, and assets of $593K (revenue -33.9% year-over-year).
- 2022: Revenue of $767K, expenses of $637K, and assets of $666K (revenue +59.1% year-over-year).
- 2021: Revenue of $482K, expenses of $491K, and assets of $537K (revenue +42.1% year-over-year).
- 2020: Revenue of $339K, expenses of $369K, and assets of $548K (revenue -29.8% year-over-year).
- 2019: Revenue of $484K, expenses of $574K, and assets of $536K (revenue -24.4% year-over-year).
- 2018: Revenue of $640K, expenses of $624K, and assets of $632K (revenue +4.0% year-over-year).
- 2017: Revenue of $615K, expenses of $551K, and assets of $615K (revenue -8.1% year-over-year).
- 2016: Revenue of $669K, expenses of $502K, and assets of $547K (revenue +43.4% year-over-year).
- 2015: Revenue of $466K, expenses of $509K, and assets of $498K (revenue -21.1% year-over-year).
- 2014: Revenue of $591K, expenses of $618K, and assets of $529K (revenue -12.0% year-over-year).
- 2013: Revenue of $671K, expenses of $657K, and assets of $575K (revenue +10.1% year-over-year).
- 2012: Revenue of $610K, expenses of $646K, and assets of $566K (revenue -1.3% year-over-year).
- 2011: Revenue of $618K, expenses of $707K, and assets of $615K (revenue -17.3% year-over-year).
- 2010: Revenue of $748K, expenses of $739K, and assets of $737K.
Data Sources and Methodology
This transparency report for Greater Wildwood Chamber Of Commerce Corp 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.