Newport Chamber Of Commerce Inc
Newport Chamber Of Commerce maintains stable finances with fluctuating revenue and no reported officer compensation.
EIN: 20265122 · Newport, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $73K |
| Program Spending | 70% |
| Net Assets | $217K |
| Transparency Score | 75/100 |
Is Newport Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newport Chamber Of Commerce Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newport Chamber Of Commerce Inc
Newport Chamber Of Commerce Inc (EIN: 20265122) is a nonprofit organization based in Newport, NH. The organization reported total revenue of $87K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Chamber Of Commerce Inc is a micro nonprofit that has been operating for 49 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $73K |
| Surplus / Deficit | +$375 |
| Total Assets | $217K |
| Total Liabilities | $244 |
| Net Assets | $217K |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 35.9 months |
Financial Health Grade: A
In 2023, Newport Chamber Of Commerce Inc reported a surplus of $375 with revenue exceeding expenses, holds 35.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Newport Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.8% | +5.7% | +0.1% |
| 2022 | +228.8% | +23.2% | +400.2% |
| 2021 | +103.0% | +60.2% | +69.6% |
| 2020 | -48.8% | -49.9% | +5.0% |
| 2019 | +15.7% | +31.8% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 0000 |
| IRS Ruling Date | 1977 |
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 Newport Chamber Of Commerce Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Newport Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $375, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely volunteers or compensated through non-officer categories, which is a positive for a small organization of this size.
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 Newport Chamber Of Commerce Inc's IRS 990 filings:
- Significant fluctuation in annual revenue (e.g., $242,094 in 2022 vs. $73,010 in 2023) could indicate reliance on inconsistent funding sources.
- Lack of detailed expense breakdown in provided data makes it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Newport Chamber Of Commerce Inc:
- Consistent 0% officer compensation, indicating efficient use of funds for a small organization.
- Significant growth in assets over the past decade, from $14,909 in 2015 to $217,438 in 2023.
- Consistent filing of IRS 990 forms, demonstrating good transparency.
- Expenses generally kept in line with revenue, showing fiscal responsibility.
Frequently Asked Questions about Newport Chamber Of Commerce Inc
Is Newport Chamber Of Commerce Inc a legitimate charity?
Newport Chamber Of Commerce Inc (EIN: 20265122) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $87K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Newport Chamber Of Commerce Inc spend its money?
Newport Chamber Of Commerce Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Newport Chamber Of Commerce Inc tax-deductible?
Newport Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 20265122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newport Chamber Of Commerce Inc's spending goes to programs?
Newport Chamber Of Commerce Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Newport Chamber Of Commerce Inc located?
Newport Chamber Of Commerce Inc is headquartered in Newport, New Hampshire and files with the IRS under EIN 20265122.
How many years of IRS 990 filings does Newport Chamber Of Commerce Inc have?
Newport Chamber Of Commerce Inc has 11 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 $87K in total revenue.
Is Newport Chamber Of Commerce Inc financially stable?
Yes, the organization appears financially stable, consistently managing expenses close to revenue and showing significant asset growth from $14,909 in 2015 to $217,438 in 2023.
How does the organization manage executive compensation?
The organization consistently reports 0% officer compensation, suggesting that executive leadership is volunteer-based or compensated through other means not classified as officer compensation.
What caused the large revenue spike in 2022?
In 2022, revenue jumped to $242,094 from $73,633 in 2021. Without further detail from the 990, it's unclear if this was due to a large grant, a successful fundraising event, or other one-time income.
Are the assets growing consistently?
Assets have shown significant growth, particularly between 2021 ($43,440) and 2022 ($217,287), and remained stable at $217,438 in 2023, indicating good financial management over time.
Filing History
IRS 990 filing history for Newport Chamber Of Commerce Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Newport Chamber Of Commerce Inc's revenue has grown by 84%, moving from $40K to $73K. Total assets increased by 1472.8% over the same period, from $14K to $217K. Total functional expenses rose by 106.9%, from $35K to $73K. In its most recent filing year (2023), Newport Chamber Of Commerce Inc reported a surplus of $375, with revenue exceeding expenses. The organization holds $244 in liabilities against $217K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $217K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $73K | $217K | $244 | — | — |
| 2022 | $242K | $69K | $217K | $468 | — | — |
| 2021 | $74K | $56K | $43K | $0 | — | — |
| 2020 | $36K | $35K | $26K | $15 | — | View 990 |
| 2019 | $71K | $70K | $24K | $248 | — | View 990 |
| 2018 | $61K | $53K | $23K | $263 | — | View 990 |
| 2017 | $54K | $56K | $14K | $0 | — | View 990 |
| 2016 | $51K | $49K | $17K | $0 | — | View 990 |
| 2015 | $50K | $62K | $15K | $0 | — | View 990 |
| 2013 | $28K | $26K | $16K | $648 | — | View 990 |
| 2011 | $40K | $35K | $14K | $78 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $73K, expenses of $73K, and assets of $217K (revenue -69.8% year-over-year).
- 2022: Revenue of $242K, expenses of $69K, and assets of $217K (revenue +228.8% year-over-year).
- 2021: Revenue of $74K, expenses of $56K, and assets of $43K (revenue +103.0% year-over-year).
- 2020: Revenue of $36K, expenses of $35K, and assets of $26K (revenue -48.8% year-over-year).
- 2019: Revenue of $71K, expenses of $70K, and assets of $24K (revenue +15.7% year-over-year).
- 2018: Revenue of $61K, expenses of $53K, and assets of $23K (revenue +14.4% year-over-year).
- 2017: Revenue of $54K, expenses of $56K, and assets of $14K (revenue +4.9% year-over-year).
- 2016: Revenue of $51K, expenses of $49K, and assets of $17K (revenue +1.5% year-over-year).
- 2015: Revenue of $50K, expenses of $62K, and assets of $15K (revenue +81.0% year-over-year).
- 2013: Revenue of $28K, expenses of $26K, and assets of $16K (revenue -29.9% year-over-year).
- 2011: Revenue of $40K, expenses of $35K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Newport Chamber Of 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.