Lima Area Chamber Foundation
EIN: 341536300 · Lima, OH
| Metric | Value |
|---|---|
| Total Revenue | $874K |
| Total Expenses | $452K |
| Net Assets | $1.7M |
Is Lima Area Chamber Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lima Area Chamber Foundation
Lima Area Chamber Foundation (EIN: 341536300) is a nonprofit organization based in Lima, OH. The organization reported total revenue of $874K and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lima Area Chamber Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lima Area Chamber Foundation is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $504K |
| Total Expenses | $452K |
| Surplus / Deficit | +$52K |
| Total Assets | $7.5M |
| Total Liabilities | $5.8M |
| Net Assets | $1.7M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 77.0% |
| Months of Reserves | 199.0 months |
Financial Health Grade: A
In 2023, Lima Area Chamber Foundation reported a surplus of $52K with revenue exceeding expenses, holds 199.0 months of operating reserves (strong position), has a debt-to-asset ratio of 77.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lima Area Chamber Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.1% | +10.2% | +178.3% |
| 2022 | +27.6% | -9.3% | +17.4% |
| 2021 | +79.3% | +38.6% | -1.8% |
| 2020 | -2.0% | -4.2% | +0.6% |
| 2019 | +62.4% | +21.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lima Area Chamber Foundation 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 Lima Area Chamber Foundation 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.0%.
Frequently Asked Questions about Lima Area Chamber Foundation
Is Lima Area Chamber Foundation a legitimate charity?
Lima Area Chamber Foundation (EIN: 341536300) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $874K. No red flags identified. Financial health grade: A.
How does Lima Area Chamber Foundation spend its money?
Lima Area Chamber Foundation reported $874K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lima Area Chamber Foundation tax-deductible?
Lima Area Chamber Foundation is registered as a tax-exempt nonprofit (EIN: 341536300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lima Area Chamber Foundation located?
Lima Area Chamber Foundation is headquartered in Lima, Ohio and files with the IRS under EIN 341536300.
How many years of IRS 990 filings does Lima Area Chamber Foundation have?
Lima Area Chamber Foundation 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 $874K in total revenue.
Filing History
IRS 990 filing history for Lima Area Chamber Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lima Area Chamber Foundation's revenue has declined by 34.8%, moving from $773K to $504K. Total assets increased by 157% over the same period, from $2.9M to $7.5M. Total functional expenses fell by 42.9%, from $793K to $452K. In its most recent filing year (2023), Lima Area Chamber Foundation reported a surplus of $52K, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $7.5M in assets (debt-to-asset ratio: 77.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $504K | $452K | $7.5M | $5.8M | — | — |
| 2022 | $789K | $411K | $2.7M | $1.0M | — | — |
| 2021 | $619K | $453K | $2.3M | $1.1M | — | View 990 |
| 2020 | $345K | $327K | $2.3M | $1.2M | — | — |
| 2019 | $352K | $341K | $2.3M | $1.2M | — | View 990 |
| 2018 | $217K | $280K | $2.5M | $1.4M | — | View 990 |
| 2017 | $429K | $246K | $2.5M | $1.4M | — | View 990 |
| 2016 | $180K | $207K | $2.5M | $1.5M | — | View 990 |
| 2015 | $173K | $175K | $2.5M | $1.5M | — | View 990 |
| 2014 | $178K | $167K | $2.6M | $1.6M | — | View 990 |
| 2013 | $268K | $321K | $2.6M | $1.6M | — | View 990 |
| 2012 | $341K | $415K | $2.8M | $1.7M | — | View 990 |
| 2011 | $773K | $793K | $2.9M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $504K, expenses of $452K, and assets of $7.5M (revenue -36.1% year-over-year).
- 2022: Revenue of $789K, expenses of $411K, and assets of $2.7M (revenue +27.6% year-over-year).
- 2021: Revenue of $619K, expenses of $453K, and assets of $2.3M (revenue +79.3% year-over-year).
- 2020: Revenue of $345K, expenses of $327K, and assets of $2.3M (revenue -2.0% year-over-year).
- 2019: Revenue of $352K, expenses of $341K, and assets of $2.3M (revenue +62.4% year-over-year).
- 2018: Revenue of $217K, expenses of $280K, and assets of $2.5M (revenue -49.5% year-over-year).
- 2017: Revenue of $429K, expenses of $246K, and assets of $2.5M (revenue +139.1% year-over-year).
- 2016: Revenue of $180K, expenses of $207K, and assets of $2.5M (revenue +4.1% year-over-year).
- 2015: Revenue of $173K, expenses of $175K, and assets of $2.5M (revenue -3.1% year-over-year).
- 2014: Revenue of $178K, expenses of $167K, and assets of $2.6M (revenue -33.4% year-over-year).
- 2013: Revenue of $268K, expenses of $321K, and assets of $2.6M (revenue -21.6% year-over-year).
- 2012: Revenue of $341K, expenses of $415K, and assets of $2.8M (revenue -55.9% year-over-year).
- 2011: Revenue of $773K, expenses of $793K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lima Area Chamber Foundation:
Data Sources and Methodology
This transparency report for Lima Area Chamber Foundation 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.