Lovington Chamber Of Development & Commerce Inc
EIN: 850385316 · Lovington, NM · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $112K |
| Net Assets | $172K |
Is Lovington Chamber Of Development & Commerce Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lovington Chamber Of Development & Commerce Inc
Lovington Chamber Of Development & Commerce Inc (EIN: 850385316) is a nonprofit organization based in Lovington, NM, classified under NTEE code S41. The organization reported total revenue of $241K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lovington Chamber Of Development & Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lovington Chamber Of Development & Commerce Inc is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $112K |
| Surplus / Deficit | $-3,606 |
| Total Assets | $176K |
| Total Liabilities | $4K |
| Net Assets | $172K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2021, Lovington Chamber Of Development & Commerce Inc reported a deficit of $4K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2021), Lovington Chamber Of Development & Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -11.2% | -5.2% | +4.3% |
| 2020 | -20.1% | -10.0% | +14.4% |
| 2019 | -5.5% | -8.0% | +7.4% |
| 2018 | +101.1% | +40.5% | +15.7% |
| 2017 | -13.6% | +2.9% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lovington Chamber Of Development & Commerce Inc 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 Lovington Chamber Of Development & Commerce Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Frequently Asked Questions about Lovington Chamber Of Development & Commerce Inc
Is Lovington Chamber Of Development & Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lovington Chamber Of Development & Commerce Inc (EIN: 850385316) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lovington Chamber Of Development & Commerce Inc spend its money?
Detailed spending breakdown data is not yet available for Lovington Chamber Of Development & Commerce Inc. Check back for updated IRS 990 analysis.
Are donations to Lovington Chamber Of Development & Commerce Inc tax-deductible?
Lovington Chamber Of Development & Commerce Inc is registered as a tax-exempt nonprofit (EIN: 850385316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lovington Chamber Of Development & Commerce Inc located?
Lovington Chamber Of Development & Commerce Inc is headquartered in Lovington, New Mexico and files with the IRS under EIN 850385316. It is classified under NTEE code S41.
How many years of IRS 990 filings does Lovington Chamber Of Development & Commerce Inc have?
Lovington Chamber Of Development & Commerce Inc has 12 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 $241K in total revenue.
Filing History
IRS 990 filing history for Lovington Chamber Of Development & Commerce Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Lovington Chamber Of Development & Commerce Inc's revenue has grown by 3.2%, moving from $105K to $108K. Total assets increased by 63.1% over the same period, from $108K to $176K. Total functional expenses fell by 3.7%, from $116K to $112K. In its most recent filing year (2021), Lovington Chamber Of Development & Commerce Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $4K in liabilities against $176K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $172K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $108K | $112K | $176K | $4K | — | — |
| 2020 | $122K | $118K | $169K | $2K | — | — |
| 2019 | $153K | $131K | $148K | $3K | — | View 990 |
| 2018 | $162K | $143K | $138K | $3K | — | View 990 |
| 2017 | $80K | $102K | $119K | $3K | — | View 990 |
| 2016 | $93K | $99K | $140K | $3K | — | View 990 |
| 2015 | $108K | $106K | $143K | $0 | — | View 990 |
| 2014 | $114K | $91K | $143K | $2K | — | View 990 |
| 2013 | $117K | $95K | $119K | $592 | — | View 990 |
| 2012 | $96K | $87K | $100K | $2K | — | View 990 |
| 2011 | $82K | $96K | $92K | $4K | — | View 990 |
| 2010 | $105K | $116K | $108K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $108K, expenses of $112K, and assets of $176K (revenue -11.2% year-over-year).
- 2020: Revenue of $122K, expenses of $118K, and assets of $169K (revenue -20.1% year-over-year).
- 2019: Revenue of $153K, expenses of $131K, and assets of $148K (revenue -5.5% year-over-year).
- 2018: Revenue of $162K, expenses of $143K, and assets of $138K (revenue +101.1% year-over-year).
- 2017: Revenue of $80K, expenses of $102K, and assets of $119K (revenue -13.6% year-over-year).
- 2016: Revenue of $93K, expenses of $99K, and assets of $140K (revenue -13.8% year-over-year).
- 2015: Revenue of $108K, expenses of $106K, and assets of $143K (revenue -5.6% year-over-year).
- 2014: Revenue of $114K, expenses of $91K, and assets of $143K (revenue -2.7% year-over-year).
- 2013: Revenue of $117K, expenses of $95K, and assets of $119K (revenue +22.0% year-over-year).
- 2012: Revenue of $96K, expenses of $87K, and assets of $100K (revenue +16.8% year-over-year).
- 2011: Revenue of $82K, expenses of $96K, and assets of $92K (revenue -21.6% year-over-year).
- 2010: Revenue of $105K, expenses of $116K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lovington Chamber Of Development & Commerce Inc:
Data Sources and Methodology
This transparency report for Lovington Chamber Of Development & Commerce 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.