Lemars Area Chamber Of Commerce Incorporated
EIN: 420376684 · Le Mars, IA
| Metric | Value |
|---|---|
| Total Revenue | $438K |
| Total Expenses | $438K |
| Net Assets | $179K |
Is Lemars Area Chamber Of Commerce Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lemars Area Chamber Of Commerce Incorporated
Lemars Area Chamber Of Commerce Incorporated (EIN: 420376684) is a nonprofit organization based in Le Mars, IA. The organization reported total revenue of $438K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lemars Area Chamber Of Commerce Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lemars Area Chamber Of Commerce Incorporated is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $438K |
| Surplus / Deficit | +$63K |
| Total Assets | $189K |
| Total Liabilities | $10K |
| Net Assets | $179K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Lemars Area Chamber Of Commerce Incorporated reported a surplus of $63K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lemars Area Chamber Of Commerce Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.3% | +82.5% | +62.0% |
| 2022 | +22.3% | +11.8% | +107.6% |
| 2021 | -35.5% | -40.7% | +13.6% |
| 2020 | -16.6% | -21.1% | +26.3% |
| 2019 | +28.9% | +23.1% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lemars Area Chamber Of Commerce Incorporated 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 Lemars Area Chamber Of Commerce Incorporated 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 $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Frequently Asked Questions about Lemars Area Chamber Of Commerce Incorporated
Is Lemars Area Chamber Of Commerce Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Lemars Area Chamber Of Commerce Incorporated (EIN: 420376684) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lemars Area Chamber Of Commerce Incorporated spend its money?
Detailed spending breakdown data is not yet available for Lemars Area Chamber Of Commerce Incorporated. Check back for updated IRS 990 analysis.
Are donations to Lemars Area Chamber Of Commerce Incorporated tax-deductible?
Lemars Area Chamber Of Commerce Incorporated is registered as a tax-exempt nonprofit (EIN: 420376684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lemars Area Chamber Of Commerce Incorporated located?
Lemars Area Chamber Of Commerce Incorporated is headquartered in Le Mars, Iowa and files with the IRS under EIN 420376684.
How many years of IRS 990 filings does Lemars Area Chamber Of Commerce Incorporated have?
Lemars Area Chamber Of Commerce Incorporated 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 $438K in total revenue.
Filing History
IRS 990 filing history for Lemars Area Chamber Of Commerce Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lemars Area Chamber Of Commerce Incorporated's revenue has grown by 36.2%, moving from $368K to $501K. Total assets increased by 67.2% over the same period, from $113K to $189K. Total functional expenses rose by 16.2%, from $377K to $438K. In its most recent filing year (2023), Lemars Area Chamber Of Commerce Incorporated reported a surplus of $63K, with revenue exceeding expenses. The organization holds $10K in liabilities against $189K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $179K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $501K | $438K | $189K | $10K | — | — |
| 2022 | $303K | $240K | $117K | $5K | — | View 990 |
| 2021 | $248K | $215K | $56K | $7K | — | View 990 |
| 2020 | $384K | $362K | $49K | $33K | — | — |
| 2019 | $461K | $459K | $39K | $45K | — | View 990 |
| 2018 | $357K | $373K | $43K | $52K | — | View 990 |
| 2017 | $429K | $446K | $35K | $28K | — | View 990 |
| 2016 | $476K | $512K | $68K | $44K | — | View 990 |
| 2015 | $453K | $476K | $120K | $61K | — | View 990 |
| 2014 | $547K | $542K | $153K | $70K | — | View 990 |
| 2013 | $543K | $550K | $137K | $59K | — | View 990 |
| 2012 | $430K | $397K | $144K | $59K | — | View 990 |
| 2011 | $368K | $377K | $113K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $501K, expenses of $438K, and assets of $189K (revenue +65.3% year-over-year).
- 2022: Revenue of $303K, expenses of $240K, and assets of $117K (revenue +22.3% year-over-year).
- 2021: Revenue of $248K, expenses of $215K, and assets of $56K (revenue -35.5% year-over-year).
- 2020: Revenue of $384K, expenses of $362K, and assets of $49K (revenue -16.6% year-over-year).
- 2019: Revenue of $461K, expenses of $459K, and assets of $39K (revenue +28.9% year-over-year).
- 2018: Revenue of $357K, expenses of $373K, and assets of $43K (revenue -16.8% year-over-year).
- 2017: Revenue of $429K, expenses of $446K, and assets of $35K (revenue -9.8% year-over-year).
- 2016: Revenue of $476K, expenses of $512K, and assets of $68K (revenue +5.1% year-over-year).
- 2015: Revenue of $453K, expenses of $476K, and assets of $120K (revenue -17.1% year-over-year).
- 2014: Revenue of $547K, expenses of $542K, and assets of $153K (revenue +0.7% year-over-year).
- 2013: Revenue of $543K, expenses of $550K, and assets of $137K (revenue +26.3% year-over-year).
- 2012: Revenue of $430K, expenses of $397K, and assets of $144K (revenue +16.8% year-over-year).
- 2011: Revenue of $368K, expenses of $377K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lemars Area Chamber Of Commerce Incorporated:
Data Sources and Methodology
This transparency report for Lemars Area Chamber Of Commerce Incorporated 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.