Millington Chamber Of Commerce
EIN: 620581815 · Millington, TN
| Metric | Value |
|---|---|
| Total Revenue | $293K |
| Total Expenses | $237K |
| Net Assets | $108K |
Is Millington 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 Millington Chamber Of Commerce
Millington Chamber Of Commerce (EIN: 620581815) is a nonprofit organization based in Millington, TN. The organization reported total revenue of $293K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millington Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millington Chamber Of Commerce is a small nonprofit that has been operating for 65 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $260K |
| Total Expenses | $237K |
| Surplus / Deficit | +$23K |
| Total Assets | $213K |
| Total Liabilities | $104K |
| Net Assets | $108K |
| Operating Margin | 8.9% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Millington Chamber Of Commerce reported a surplus of $23K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 15 years of filings (2008–2023), Millington Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.8% | +23.6% | +6.7% |
| 2022 | -30.9% | -17.9% | -16.3% |
| 2021 | +57.7% | +44.5% | +40.9% |
| 2020 | -7.0% | -18.0% | +6.5% |
| 2019 | -0.2% | +14.4% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1961 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Millington 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 Millington 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.1%.
Frequently Asked Questions about Millington Chamber Of Commerce
Is Millington Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Millington Chamber Of Commerce (EIN: 620581815) insufficient data. 0 red flags identified, 0 strengths noted.
How does Millington Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Millington Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Millington Chamber Of Commerce tax-deductible?
Millington Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 620581815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Millington Chamber Of Commerce located?
Millington Chamber Of Commerce is headquartered in Millington, Tennessee and files with the IRS under EIN 620581815.
How many years of IRS 990 filings does Millington Chamber Of Commerce have?
Millington Chamber Of Commerce has 15 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 $293K in total revenue.
Filing History
IRS 990 filing history for Millington Chamber Of Commerce showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), Millington Chamber Of Commerce's revenue has grown by 7.6%, moving from $242K to $260K. Total assets increased by 651.2% over the same period, from $28K to $213K. Total functional expenses rose by 4.6%, from $227K to $237K. In its most recent filing year (2023), Millington Chamber Of Commerce reported a surplus of $23K, with revenue exceeding expenses. The organization holds $104K in liabilities against $213K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $260K | $237K | $213K | $104K | — | — |
| 2022 | $173K | $192K | $199K | $114K | — | View 990 |
| 2021 | $251K | $234K | $238K | $135K | — | View 990 |
| 2020 | $159K | $162K | $169K | $83K | — | — |
| 2019 | $171K | $197K | $159K | $70K | — | View 990 |
| 2018 | $171K | $172K | $183K | $68K | — | View 990 |
| 2017 | $163K | $155K | $230K | $114K | — | View 990 |
| 2016 | $172K | $144K | $207K | $99K | — | View 990 |
| 2015 | $181K | $134K | $188K | $108K | — | View 990 |
| 2014 | $150K | $134K | $92K | $59K | — | View 990 |
| 2013 | $132K | $144K | $67K | $50K | — | View 990 |
| 2012 | $136K | $133K | $28K | $4K | — | View 990 |
| 2011 | $170K | $187K | $14K | $6K | — | View 990 |
| 2010 | $170K | $187K | $14K | $6K | — | View 990 |
| 2008 | $242K | $227K | $28K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $260K, expenses of $237K, and assets of $213K (revenue +49.8% year-over-year).
- 2022: Revenue of $173K, expenses of $192K, and assets of $199K (revenue -30.9% year-over-year).
- 2021: Revenue of $251K, expenses of $234K, and assets of $238K (revenue +57.7% year-over-year).
- 2020: Revenue of $159K, expenses of $162K, and assets of $169K (revenue -7.0% year-over-year).
- 2019: Revenue of $171K, expenses of $197K, and assets of $159K (revenue -0.2% year-over-year).
- 2018: Revenue of $171K, expenses of $172K, and assets of $183K (revenue +5.1% year-over-year).
- 2017: Revenue of $163K, expenses of $155K, and assets of $230K (revenue -4.9% year-over-year).
- 2016: Revenue of $172K, expenses of $144K, and assets of $207K (revenue -5.1% year-over-year).
- 2015: Revenue of $181K, expenses of $134K, and assets of $188K (revenue +20.4% year-over-year).
- 2014: Revenue of $150K, expenses of $134K, and assets of $92K (revenue +14.1% year-over-year).
- 2013: Revenue of $132K, expenses of $144K, and assets of $67K (revenue -3.6% year-over-year).
- 2012: Revenue of $136K, expenses of $133K, and assets of $28K (revenue -19.6% year-over-year).
- 2011: Revenue of $170K, expenses of $187K, and assets of $14K (revenue +0.0% year-over-year).
- 2010: Revenue of $170K, expenses of $187K, and assets of $14K (revenue -29.7% year-over-year).
- 2008: Revenue of $242K, expenses of $227K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millington Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Millington 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.