Northeastern Connecticut Chamber Of
EIN: 60700367 · Danielson, CT
| Metric | Value |
|---|---|
| Total Revenue | $447K |
| Total Expenses | $445K |
| Net Assets | $290K |
Is Northeastern Connecticut Chamber Of Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northeastern Connecticut Chamber Of
Northeastern Connecticut Chamber Of (EIN: 60700367) is a nonprofit organization based in Danielson, CT. The organization reported total revenue of $447K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern Connecticut Chamber Of's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeastern Connecticut Chamber Of is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $424K |
| Total Expenses | $445K |
| Surplus / Deficit | $-20,209 |
| Total Assets | $400K |
| Total Liabilities | $110K |
| Net Assets | $290K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 27.5% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, Northeastern Connecticut Chamber Of reported a deficit of $20K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 27.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeastern Connecticut Chamber Of's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +22.6% | -5.8% |
| 2022 | -2.9% | +9.1% | -1.7% |
| 2021 | -2.8% | -8.8% | +8.8% |
| 2020 | -4.7% | -8.6% | -5.8% |
| 2019 | +6.3% | +16.9% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Northeastern Connecticut Chamber Of 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 Northeastern Connecticut Chamber Of 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 deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.5%.
Frequently Asked Questions about Northeastern Connecticut Chamber Of
Is Northeastern Connecticut Chamber Of a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeastern Connecticut Chamber Of (EIN: 60700367) insufficient data. 0 red flags identified, 0 strengths noted.
How does Northeastern Connecticut Chamber Of spend its money?
Detailed spending breakdown data is not yet available for Northeastern Connecticut Chamber Of. Check back for updated IRS 990 analysis.
Are donations to Northeastern Connecticut Chamber Of tax-deductible?
Northeastern Connecticut Chamber Of is registered as a tax-exempt nonprofit (EIN: 60700367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northeastern Connecticut Chamber Of located?
Northeastern Connecticut Chamber Of is headquartered in Danielson, Connecticut and files with the IRS under EIN 60700367.
How many years of IRS 990 filings does Northeastern Connecticut Chamber Of have?
Northeastern Connecticut Chamber Of 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 $447K in total revenue.
Filing History
IRS 990 filing history for Northeastern Connecticut Chamber Of showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeastern Connecticut Chamber Of's revenue has grown by 72.7%, moving from $246K to $424K. Total assets increased by 89% over the same period, from $212K to $400K. Total functional expenses rose by 87.6%, from $237K to $445K. In its most recent filing year (2023), Northeastern Connecticut Chamber Of reported a deficit of $20K, with expenses exceeding revenue. The organization holds $110K in liabilities against $400K in assets (debt-to-asset ratio: 27.5%), resulting in net assets of $290K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $424K | $445K | $400K | $110K | — | — |
| 2022 | $360K | $363K | $425K | $114K | — | View 990 |
| 2021 | $371K | $332K | $432K | $119K | — | View 990 |
| 2020 | $381K | $364K | $397K | $123K | — | — |
| 2019 | $400K | $398K | $421K | $165K | — | View 990 |
| 2018 | $377K | $341K | $396K | $141K | — | View 990 |
| 2017 | $323K | $323K | $353K | $134K | — | — |
| 2016 | $339K | $330K | $357K | $138K | — | View 990 |
| 2015 | $258K | $265K | $353K | $142K | — | View 990 |
| 2014 | $328K | $349K | $219K | $1K | — | View 990 |
| 2013 | $283K | $238K | $242K | $3K | — | View 990 |
| 2012 | $270K | $264K | $203K | $8K | — | View 990 |
| 2011 | $246K | $237K | $212K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $424K, expenses of $445K, and assets of $400K (revenue +17.8% year-over-year).
- 2022: Revenue of $360K, expenses of $363K, and assets of $425K (revenue -2.9% year-over-year).
- 2021: Revenue of $371K, expenses of $332K, and assets of $432K (revenue -2.8% year-over-year).
- 2020: Revenue of $381K, expenses of $364K, and assets of $397K (revenue -4.7% year-over-year).
- 2019: Revenue of $400K, expenses of $398K, and assets of $421K (revenue +6.3% year-over-year).
- 2018: Revenue of $377K, expenses of $341K, and assets of $396K (revenue +16.7% year-over-year).
- 2017: Revenue of $323K, expenses of $323K, and assets of $353K (revenue -4.7% year-over-year).
- 2016: Revenue of $339K, expenses of $330K, and assets of $357K (revenue +31.4% year-over-year).
- 2015: Revenue of $258K, expenses of $265K, and assets of $353K (revenue -21.5% year-over-year).
- 2014: Revenue of $328K, expenses of $349K, and assets of $219K (revenue +16.1% year-over-year).
- 2013: Revenue of $283K, expenses of $238K, and assets of $242K (revenue +4.5% year-over-year).
- 2012: Revenue of $270K, expenses of $264K, and assets of $203K (revenue +10.0% year-over-year).
- 2011: Revenue of $246K, expenses of $237K, and assets of $212K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeastern Connecticut Chamber Of:
Data Sources and Methodology
This transparency report for Northeastern Connecticut Chamber Of 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.