Huntington Regional Chamber Of Commerce Foundation Inc
Huntington Regional Chamber Of Commerce Foundation operates with no officer compensation and fluctuating, modest revenue.
EIN: 205913749 · Huntington, WV · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $13K |
| Program Spending | 85% |
| Net Assets | $16K |
| Transparency Score | 75/100 |
Is Huntington Regional Chamber Of Commerce Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huntington Regional Chamber Of Commerce Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huntington Regional Chamber Of Commerce Foundation Inc
Huntington Regional Chamber Of Commerce Foundation Inc (EIN: 205913749) is a nonprofit organization based in Huntington, WV, classified under NTEE code S30. The organization reported total revenue of $31K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huntington Regional Chamber Of Commerce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huntington Regional Chamber Of Commerce Foundation Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $13K |
| Surplus / Deficit | $-355 |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | -2.9% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, Huntington Regional Chamber Of Commerce Foundation Inc reported a deficit of $355 with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Huntington Regional Chamber Of Commerce Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | — | -2.1% |
| 2020 | -100.0% | -18.5% | -81.5% |
| 2019 | -52.4% | -14.2% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Huntington Regional Chamber Of Commerce Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Huntington Regional Chamber Of Commerce Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $355, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for a small nonprofit.
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 Huntington Regional Chamber Of Commerce Foundation Inc's IRS 990 filings:
- Inconsistent reporting with periods of $0 revenue or $0 expenses, which could indicate operational dormancy or incomplete financial disclosures.
- Small asset base ($25,255 latest) with fluctuating revenue, suggesting limited capacity for large-scale initiatives.
Strengths
The following positive indicators were identified for Huntington Regional Chamber Of Commerce Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds and strong donor trust in executive pay.
- Maintains zero liabilities across most reported periods, demonstrating sound financial management and no debt burden.
- Operates with a lean structure, as evidenced by the lack of executive compensation and modest expenses relative to revenue in many periods.
Frequently Asked Questions about Huntington Regional Chamber Of Commerce Foundation Inc
Is Huntington Regional Chamber Of Commerce Foundation Inc a legitimate charity?
Huntington Regional Chamber Of Commerce Foundation Inc (EIN: 205913749) is a registered tax-exempt nonprofit based in West Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $31K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Huntington Regional Chamber Of Commerce Foundation Inc spend its money?
Huntington Regional Chamber Of Commerce Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Huntington Regional Chamber Of Commerce Foundation Inc tax-deductible?
Huntington Regional Chamber Of Commerce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205913749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Huntington Regional Chamber Of Commerce Foundation Inc's spending goes to programs?
Huntington Regional Chamber Of Commerce Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Huntington Regional Chamber Of Commerce Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Huntington Regional Chamber Of Commerce Foundation Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Huntington Regional Chamber Of Commerce Foundation Inc located?
Huntington Regional Chamber Of Commerce Foundation Inc is headquartered in Huntington, West Virginia and files with the IRS under EIN 205913749. It is classified under NTEE code S30.
How many years of IRS 990 filings does Huntington Regional Chamber Of Commerce Foundation Inc have?
Huntington Regional Chamber Of Commerce Foundation Inc 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 $31K in total revenue.
Is Huntington Regional Chamber Of Commerce Foundation Inc a good charity?
The organization demonstrates good financial stewardship by reporting 0% officer compensation and no liabilities. Its small size and fluctuating revenue suggest a focused, perhaps volunteer-driven, operation. However, the lack of detailed program spending data in the summary makes a full assessment of program effectiveness challenging.
Why are there periods with $0 revenue or $0 expenses?
Periods with $0 revenue (e.g., 202112, 202012) or $0 expenses (e.g., 202212) could indicate very low activity, a year where no fundraising occurred, or that certain financial activities were not reported in detail on the summary. This warrants further investigation into their operational consistency.
How does the organization fund its operations?
The organization primarily funds its operations through revenue streams that fluctuate, such as $12,444 in 202312 and $31,500 in 201812. Given its NTEE code, these revenues likely come from membership fees, grants, or community events related to its chamber of commerce foundation mission.
Filing History
IRS 990 filing history for Huntington Regional Chamber Of Commerce Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Huntington Regional Chamber Of Commerce Foundation Inc's revenue has declined by 40%, moving from $21K to $12K. Total assets decreased by 3.2% over the same period, from $17K to $16K. Total functional expenses fell by 17.5%, from $16K to $13K. In its most recent filing year (2023), Huntington Regional Chamber Of Commerce Foundation Inc reported a deficit of $355, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $13K | $16K | $0 | — | — |
| 2022 | $13K | $0 | $17K | $0 | — | View 990 |
| 2021 | $0 | $75 | $3K | $0 | — | — |
| 2020 | $0 | $15K | $3K | $0 | — | — |
| 2019 | $15K | $18K | $19K | $300 | — | View 990 |
| 2018 | $32K | $22K | $22K | $0 | — | View 990 |
| 2017 | $20K | $20K | $12K | $0 | — | View 990 |
| 2016 | $16K | $23K | $12K | $0 | — | View 990 |
| 2015 | $35K | $25K | $20K | $0 | — | View 990 |
| 2014 | $31K | $34K | $10K | $0 | — | View 990 |
| 2013 | $33K | $31K | $14K | $0 | — | View 990 |
| 2012 | $13K | $17K | $12K | $0 | — | View 990 |
| 2011 | $21K | $16K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $13K, and assets of $16K (revenue -5.2% year-over-year).
- 2022: Revenue of $13K, expenses of $0, and assets of $17K.
- 2021: Revenue of $0, expenses of $75, and assets of $3K.
- 2020: Revenue of $0, expenses of $15K, and assets of $3K (revenue -100.0% year-over-year).
- 2019: Revenue of $15K, expenses of $18K, and assets of $19K (revenue -52.4% year-over-year).
- 2018: Revenue of $32K, expenses of $22K, and assets of $22K (revenue +61.5% year-over-year).
- 2017: Revenue of $20K, expenses of $20K, and assets of $12K (revenue +25.8% year-over-year).
- 2016: Revenue of $16K, expenses of $23K, and assets of $12K (revenue -55.4% year-over-year).
- 2015: Revenue of $35K, expenses of $25K, and assets of $20K (revenue +10.7% year-over-year).
- 2014: Revenue of $31K, expenses of $34K, and assets of $10K (revenue -4.0% year-over-year).
- 2013: Revenue of $33K, expenses of $31K, and assets of $14K (revenue +161.6% year-over-year).
- 2012: Revenue of $13K, expenses of $17K, and assets of $12K (revenue -39.8% year-over-year).
- 2011: Revenue of $21K, expenses of $16K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huntington Regional Chamber Of Commerce Foundation Inc:
Data Sources and Methodology
This transparency report for Huntington Regional Chamber Of Commerce Foundation Inc 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.