Morris County Chamber Of Commerce
Morris County Chamber of Commerce: Stable Revenue, High Administrative Costs
EIN: 221128510 · Florham Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Program Spending | 60% |
| Net Assets | $564K |
| Transparency Score | 70/100 |
Is Morris County Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris County Chamber Of Commerce directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Morris County Chamber Of Commerce
Morris County Chamber Of Commerce (EIN: 221128510) is a nonprofit organization based in Florham Park, NJ. The organization reported total revenue of $2.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris County Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris County Chamber Of Commerce is a mid-size nonprofit that has been operating for 69 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$251K |
| Total Assets | $2.3M |
| Total Liabilities | $1.7M |
| Net Assets | $564K |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 75.0% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Morris County Chamber Of Commerce reported a surplus of $251K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 75.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Morris County Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | -7.8% | +4.8% |
| 2022 | +19.4% | +21.6% | +60.2% |
| 2021 | +2.3% | +22.0% | -6.0% |
| 2020 | -10.6% | -22.0% | +11.2% |
| 2019 | -14.1% | -13.2% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morris County Chamber Of Commerce with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Morris County Chamber Of Commerce allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $251K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures from the filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Morris County Chamber Of Commerce's IRS 990 filings:
- Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.
- The provided data lacks specific details on program activities and their direct impact, making it difficult to fully evaluate mission effectiveness.
Strengths
The following positive indicators were identified for Morris County Chamber Of Commerce:
- Consistent revenue generation over several years, with 2023 revenue at $2,381,366.
- Healthy asset base, with $2,251,926 in assets reported for 2023.
Frequently Asked Questions about Morris County Chamber Of Commerce
Is Morris County Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Morris County Chamber Of Commerce (EIN: 221128510) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does Morris County Chamber Of Commerce spend its money?
Morris County Chamber Of Commerce directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morris County Chamber Of Commerce tax-deductible?
Morris County Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 221128510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morris County Chamber Of Commerce's spending goes to programs?
Morris County Chamber Of Commerce directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Morris County Chamber Of Commerce located?
Morris County Chamber Of Commerce is headquartered in Florham Park, New Jersey and files with the IRS under EIN 221128510.
How many years of IRS 990 filings does Morris County Chamber Of Commerce have?
Morris County Chamber Of Commerce has 14 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 $2.2M in total revenue.
What does Morris County Chamber Of Commerce do?
Morris County Chamber Of Commerce is a nonprofit organization in the Unknown sector, located in Florham Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Morris County Chamber Of Commerce have?
Morris County Chamber Of Commerce reported total revenue of $2,179,675. Based on 14 IRS 990 filings on record.
What are Morris County Chamber Of Commerce's total assets?
Morris County Chamber Of Commerce holds total assets of $1,967,933 as reported in IRS 990 filings.
Where is Morris County Chamber Of Commerce located?
Morris County Chamber Of Commerce is based in Florham Park, New Jersey.
What is Morris County Chamber Of Commerce's EIN?
Morris County Chamber Of Commerce's Employer Identification Number (EIN) is 221128510. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morris County Chamber Of Commerce?
Morris County Chamber Of Commerce is classified under NTEE code Unknown (Unknown).
Is Morris County Chamber Of Commerce a registered 501(c)(3)?
Morris County Chamber Of Commerce appears in IRS records (EIN: 221128510). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Morris County Chamber Of Commerce file IRS Form 990?
Yes, Morris County Chamber Of Commerce has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Morris County Chamber Of Commerce's revenue in 2023?
In the 202312 filing period, Morris County Chamber Of Commerce reported total revenue of $2,381,366, total expenses of $2,130,822, and net assets of $2,251,926.
Is Morris County Chamber Of Commerce's revenue growing or declining?
Morris County Chamber Of Commerce's revenue is growing. Revenue went from $2,020,429 (202212) to $2,381,366 (202312), a +17.9% change. Based on 14 filings on record.
What is Morris County Chamber Of Commerce's most recent 990 filing?
The most recent IRS Form 990 filing for Morris County Chamber Of Commerce covers tax period 202312. It shows revenue of $2,381,366, expenses of $2,130,822, total assets of $2,251,926, and liabilities of $1,688,015.
How much does Morris County Chamber Of Commerce spend on programs vs administration?
Based on IRS 990 analysis, Morris County Chamber Of Commerce allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Morris County Chamber Of Commerce a trustworthy charity?
Based on AI analysis of IRS 990 data, Morris County Chamber Of Commerce appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Morris County Chamber Of Commerce?
The following concerns were identified: Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.. The provided data lacks specific details on program activities and their direct impact, making it difficult to fully evaluate mission effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Morris County Chamber Of Commerce's strengths?
Positive indicators for Morris County Chamber Of Commerce include: Consistent revenue generation over several years, with 2023 revenue at $2,381,366.. Healthy asset base, with $2,251,926 in assets reported for 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Morris County Chamber Of Commerce compensate executives?
Executive compensation cannot be assessed without specific compensation figures from the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Chamber ensure that its administrative expenses, which appear substantial, directly support its mission and provide value to its members?
Without a detailed functional expense breakdown, it's challenging to ascertain the direct impact of administrative costs on member services and mission delivery. Further investigation into specific administrative line items would be beneficial.
Filing History
IRS 990 filing history for Morris County Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Morris County Chamber Of Commerce's revenue has grown by 70.8%, moving from $1.4M to $2.4M. Total assets increased by 146% over the same period, from $915K to $2.3M. Total functional expenses rose by 49.5%, from $1.4M to $2.1M. In its most recent filing year (2023), Morris County Chamber Of Commerce reported a surplus of $251K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $2.3M in assets (debt-to-asset ratio: 75.0%), resulting in net assets of $564K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.1M | $2.3M | $1.7M | — | — |
| 2022 | $2.0M | $2.3M | $2.1M | $1.9M | — | View 990 |
| 2021 | $1.7M | $1.9M | $1.3M | $791K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.4M | $641K | — | View 990 |
| 2019 | $1.9M | $2.0M | $1.3M | $722K | — | View 990 |
| 2018 | $2.2M | $2.3M | $1.3M | $593K | — | View 990 |
| 2017 | $2.3M | $2.2M | $1.6M | $666K | — | View 990 |
| 2016 | $2.1M | $2.0M | $1.5M | $644K | — | View 990 |
| 2015 | $1.9M | $1.8M | $1.4M | $726K | — | View 990 |
| 2014 | $1.8M | $1.7M | $1.5M | $771K | — | View 990 |
| 2013 | $1.7M | $1.6M | $1.2M | $591K | — | View 990 |
| 2012 | $1.7M | $1.6M | $1.1M | $524K | — | View 990 |
| 2011 | $1.4M | $1.4M | $980K | $532K | — | View 990 |
| 2010 | $1.4M | $1.4M | $915K | $485K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.1M, and assets of $2.3M (revenue +17.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.3M, and assets of $2.1M (revenue +19.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $1.3M (revenue +2.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.4M (revenue -10.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M (revenue -14.1% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.3M, and assets of $1.3M (revenue -5.2% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $1.6M (revenue +8.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $1.5M (revenue +11.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $1.4M (revenue +5.5% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $1.5M (revenue +7.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue -2.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue +21.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $980K (revenue +1.3% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.4M, and assets of $915K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris County Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Morris 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.