Greater Wilkes Barre Chamber Of Business & Industry
Greater Wilkes Barre Chamber shows improving assets and positive net income in 2023 after years of fluctuating financial performance.
EIN: 20605397 · Wilkes Barre, PA · NTEE: J200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $957K |
| Total Expenses | $795K |
| Program Spending | 75% |
| Net Assets | $325K |
| Transparency Score | 75/100 |
Is Greater Wilkes Barre Chamber Of Business & Industry Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Wilkes Barre Chamber Of Business & Industry directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Wilkes Barre Chamber Of Business & Industry
Greater Wilkes Barre Chamber Of Business & Industry (EIN: 20605397) is a nonprofit organization based in Wilkes Barre, PA, classified under NTEE code J200. The organization reported total revenue of $957K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Wilkes Barre Chamber Of Business & Industry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Wilkes Barre Chamber Of Business & Industry is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $795K |
| Surplus / Deficit | +$274K |
| Total Assets | $1.5M |
| Total Liabilities | $1.2M |
| Net Assets | $325K |
| Operating Margin | 25.6% |
| Debt-to-Asset Ratio | 78.1% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Greater Wilkes Barre Chamber Of Business & Industry reported a surplus of $274K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 78.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Wilkes Barre Chamber Of Business & Industry's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.1% | +36.3% | +23.7% |
| 2022 | -48.3% | -12.3% | +221.3% |
| 2021 | +67.9% | +39.9% | +54.3% |
| 2020 | -9.2% | -2.2% | +42.8% |
| 2019 | +17.1% | +25.8% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Wilkes Barre Chamber Of Business & Industry 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Greater Wilkes Barre Chamber Of Business & Industry allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:
- The organization reported a surplus of $274K, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either not paid by the organization or is not reported in this section, which is a positive indicator for transparency regarding direct executive pay.
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 Wilkes Barre Chamber Of Business & Industry's IRS 990 filings:
- Significant fluctuations in revenue and expenses over the years, indicating potential instability or reliance on variable funding sources.
- High liabilities relative to assets in earlier periods (e.g., 2014 with $3,188,746 liabilities vs. $1,692,596 assets), though this has improved.
Strengths
The following positive indicators were identified for Greater Wilkes Barre Chamber Of Business & Industry:
- Consistent reporting of 0% officer compensation, indicating strong transparency regarding executive pay.
- Significant growth in assets from $133,915 in 2015 to $1,482,252 in 2023, improving long-term financial stability.
- Positive net income in most recent filing (2023: Revenue $1,068,598 vs. Expenses $794,731), demonstrating operational efficiency for the period.
Frequently Asked Questions about Greater Wilkes Barre Chamber Of Business & Industry
Is Greater Wilkes Barre Chamber Of Business & Industry a legitimate charity?
Greater Wilkes Barre Chamber Of Business & Industry (EIN: 20605397) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $957K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Greater Wilkes Barre Chamber Of Business & Industry spend its money?
Greater Wilkes Barre Chamber Of Business & Industry directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Greater Wilkes Barre Chamber Of Business & Industry tax-deductible?
Greater Wilkes Barre Chamber Of Business & Industry is registered as a tax-exempt nonprofit (EIN: 20605397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Wilkes Barre Chamber Of Business & Industry's spending goes to programs?
Greater Wilkes Barre Chamber Of Business & Industry directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Wilkes Barre Chamber Of Business & Industry compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Wilkes Barre Chamber Of Business & Industry is above average for NTEE category J200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Wilkes Barre Chamber Of Business & Industry located?
Greater Wilkes Barre Chamber Of Business & Industry is headquartered in Wilkes Barre, Pennsylvania and files with the IRS under EIN 20605397. It is classified under NTEE code J200.
How many years of IRS 990 filings does Greater Wilkes Barre Chamber Of Business & Industry have?
Greater Wilkes Barre Chamber Of Business & Industry 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 $957K in total revenue.
Is Greater Wilkes Barre Chamber Of Business & Industry a good charity?
Based on the available data, the organization shows improving financial health with growing assets and positive net income in recent years. The consistent 0% officer compensation is a strong positive for transparency. However, without a detailed breakdown of program vs. administrative spending, a full assessment of 'goodness' is challenging, but the overall trend is positive.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved, particularly in terms of assets, which grew from $133,915 in 2015 to $1,482,252 in 2023. While liabilities remain substantial, the asset growth indicates a stronger financial foundation compared to earlier periods where liabilities often dwarfed assets.
What is the trend in revenue and expenses?
Revenue and expenses have been highly volatile. Revenue peaked at $2,538,830 in 2015, then dropped significantly before recovering to $1,068,598 in 2023. Expenses have generally followed revenue trends, with the organization often operating with a surplus, though 2022 saw expenses ($582,875) exceed revenue ($521,129).
Filing History
IRS 990 filing history for Greater Wilkes Barre Chamber Of Business & Industry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Wilkes Barre Chamber Of Business & Industry's revenue has grown by 14.3%, moving from $935K to $1.1M. Total assets decreased by 66.4% over the same period, from $4.4M to $1.5M. Total functional expenses rose by 4.7%, from $759K to $795K. In its most recent filing year (2023), Greater Wilkes Barre Chamber Of Business & Industry reported a surplus of $274K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $1.5M in assets (debt-to-asset ratio: 78.1%), resulting in net assets of $325K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $795K | $1.5M | $1.2M | — | — |
| 2022 | $521K | $583K | $1.2M | $1.1M | — | View 990 |
| 2021 | $1.0M | $664K | $373K | $260K | — | View 990 |
| 2020 | $600K | $475K | $242K | $472K | — | View 990 |
| 2019 | $660K | $486K | $169K | $525K | — | View 990 |
| 2018 | $564K | $386K | $176K | $706K | — | View 990 |
| 2017 | $712K | $392K | $168K | $875K | — | View 990 |
| 2016 | $169K | $322K | $171K | $1.2M | — | View 990 |
| 2015 | $2.5M | $1.9M | $134K | $1.0M | — | View 990 |
| 2014 | $282K | $570K | $1.7M | $3.2M | — | View 990 |
| 2013 | $401K | $376K | $3.1M | $4.3M | — | View 990 |
| 2012 | $453K | $349K | $4.5M | $7.0M | — | View 990 |
| 2011 | $935K | $759K | $4.4M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $795K, and assets of $1.5M (revenue +105.1% year-over-year).
- 2022: Revenue of $521K, expenses of $583K, and assets of $1.2M (revenue -48.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $664K, and assets of $373K (revenue +67.9% year-over-year).
- 2020: Revenue of $600K, expenses of $475K, and assets of $242K (revenue -9.2% year-over-year).
- 2019: Revenue of $660K, expenses of $486K, and assets of $169K (revenue +17.1% year-over-year).
- 2018: Revenue of $564K, expenses of $386K, and assets of $176K (revenue -20.7% year-over-year).
- 2017: Revenue of $712K, expenses of $392K, and assets of $168K (revenue +320.3% year-over-year).
- 2016: Revenue of $169K, expenses of $322K, and assets of $171K (revenue -93.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.9M, and assets of $134K (revenue +799.9% year-over-year).
- 2014: Revenue of $282K, expenses of $570K, and assets of $1.7M (revenue -29.7% year-over-year).
- 2013: Revenue of $401K, expenses of $376K, and assets of $3.1M (revenue -11.4% year-over-year).
- 2012: Revenue of $453K, expenses of $349K, and assets of $4.5M (revenue -51.5% year-over-year).
- 2011: Revenue of $935K, expenses of $759K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Wilkes Barre Chamber Of Business & Industry:
Data Sources and Methodology
This transparency report for Greater Wilkes Barre Chamber Of Business & Industry 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.