Iron County Chamber Of Commerce
EIN: 381487001 · Iron River, MI
| Metric | Value |
|---|---|
| Total Revenue | $255K |
| Total Expenses | $207K |
| Net Assets | $187K |
Is Iron County Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iron County Chamber Of Commerce
Iron County Chamber Of Commerce (EIN: 381487001) is a nonprofit organization based in Iron River, MI. The organization reported total revenue of $255K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iron County Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iron County Chamber Of Commerce is a small nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $207K |
| Surplus / Deficit | +$20K |
| Total Assets | $187K |
| Net Assets | $187K |
| Operating Margin | 8.7% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Iron County Chamber Of Commerce reported a surplus of $20K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Iron County Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +24.4% | +11.8% |
| 2022 | +22.2% | +18.8% | +42.7% |
| 2021 | -4.1% | +32.0% | +30.1% |
| 2020 | -4.9% | -55.1% | +5624.4% |
| 2019 | +12.2% | +0.2% | -95.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iron County Chamber Of Commerce has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iron County Chamber Of Commerce with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Frequently Asked Questions about Iron County Chamber Of Commerce
Is Iron County Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Iron County Chamber Of Commerce (EIN: 381487001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iron County Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Iron County Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Iron County Chamber Of Commerce tax-deductible?
Iron County Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 381487001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iron County Chamber Of Commerce located?
Iron County Chamber Of Commerce is headquartered in Iron River, Michigan and files with the IRS under EIN 381487001.
How many years of IRS 990 filings does Iron County Chamber Of Commerce have?
Iron County 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 $255K in total revenue.
Filing History
IRS 990 filing history for Iron County Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iron County Chamber Of Commerce's revenue has grown by 159.2%, moving from $88K to $227K. Total assets increased by 428.6% over the same period, from $35K to $187K. Total functional expenses rose by 99.6%, from $104K to $207K. In its most recent filing year (2023), Iron County Chamber Of Commerce reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $207K | $187K | $0 | — | — |
| 2022 | $217K | $167K | $168K | $0 | — | View 990 |
| 2021 | $177K | $140K | $117K | $0 | — | View 990 |
| 2020 | $185K | $106K | $90K | $10K | — | View 990 |
| 2019 | $195K | $237K | $2K | $26K | — | View 990 |
| 2018 | $173K | $236K | $35K | $18K | — | View 990 |
| 2017 | $159K | $118K | $83K | $3K | — | — |
| 2016 | $110K | $127K | $41K | $1K | — | View 990 |
| 2015 | $112K | $105K | $57K | $77 | — | View 990 |
| 2014 | $120K | $99K | $53K | $2K | — | View 990 |
| 2013 | $117K | $120K | $30K | $379 | — | View 990 |
| 2012 | $110K | $108K | $35K | $2K | — | View 990 |
| 2011 | $88K | $104K | $35K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $207K, and assets of $187K (revenue +4.7% year-over-year).
- 2022: Revenue of $217K, expenses of $167K, and assets of $168K (revenue +22.2% year-over-year).
- 2021: Revenue of $177K, expenses of $140K, and assets of $117K (revenue -4.1% year-over-year).
- 2020: Revenue of $185K, expenses of $106K, and assets of $90K (revenue -4.9% year-over-year).
- 2019: Revenue of $195K, expenses of $237K, and assets of $2K (revenue +12.2% year-over-year).
- 2018: Revenue of $173K, expenses of $236K, and assets of $35K (revenue +8.8% year-over-year).
- 2017: Revenue of $159K, expenses of $118K, and assets of $83K (revenue +45.5% year-over-year).
- 2016: Revenue of $110K, expenses of $127K, and assets of $41K (revenue -2.0% year-over-year).
- 2015: Revenue of $112K, expenses of $105K, and assets of $57K (revenue -6.9% year-over-year).
- 2014: Revenue of $120K, expenses of $99K, and assets of $53K (revenue +2.5% year-over-year).
- 2013: Revenue of $117K, expenses of $120K, and assets of $30K (revenue +6.3% year-over-year).
- 2012: Revenue of $110K, expenses of $108K, and assets of $35K (revenue +25.7% year-over-year).
- 2011: Revenue of $88K, expenses of $104K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iron County Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Iron County 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.