Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc
EIN: 50536672 · Washington, DC · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $135K |
| Net Assets | $121K |
Is Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc (EIN: 50536672) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $113K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $135K |
| Surplus / Deficit | +$7K |
| Total Assets | $139K |
| Total Liabilities | $18K |
| Net Assets | $121K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc reported a surplus of $7K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +18.6% | +22.0% |
| 2022 | -0.6% | +4.4% | +0.8% |
| 2021 | +48.0% | +57.1% | -8.3% |
| 2020 | -44.7% | -55.1% | +34.7% |
| 2019 | -29.3% | -22.2% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norwegian American Chamber Of Commerce Mid Atlantic Chapter 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 Norwegian American Chamber Of Commerce Mid Atlantic Chapter 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.0%.
Frequently Asked Questions about Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc
Is Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc a legitimate charity?
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc (EIN: 50536672) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $113K. No red flags identified. Financial health grade: A.
How does Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc spend its money?
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc reported $113K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc tax-deductible?
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc is registered as a tax-exempt nonprofit (EIN: 50536672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc located?
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 50536672. It is classified under NTEE code S41.
How many years of IRS 990 filings does Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc have?
Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc 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 $113K in total revenue.
Filing History
IRS 990 filing history for Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc's revenue has grown by 431.4%, moving from $27K to $142K. Total assets increased by 2273.9% over the same period, from $6K to $139K. Total functional expenses rose by 284.5%, from $35K to $135K. In its most recent filing year (2023), Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $18K in liabilities against $139K in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $121K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $142K | $135K | $139K | $18K | — | — |
| 2022 | $117K | $114K | $114K | $117 | — | View 990 |
| 2021 | $118K | $109K | $113K | $3K | — | View 990 |
| 2020 | $80K | $69K | $123K | $22K | — | — |
| 2019 | $144K | $154K | $92K | $0 | — | View 990 |
| 2018 | $203K | $199K | $102K | $0 | — | View 990 |
| 2017 | $41K | $35K | $97K | $0 | — | View 990 |
| 2016 | $62K | $35K | $92K | $0 | — | View 990 |
| 2015 | $48K | $24K | $75K | $11K | — | View 990 |
| 2014 | $59K | $47K | $40K | $0 | — | View 990 |
| 2013 | $38K | $36K | $28K | $0 | — | View 990 |
| 2012 | $52K | $32K | $27K | $0 | — | View 990 |
| 2011 | $27K | $35K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $142K, expenses of $135K, and assets of $139K (revenue +21.3% year-over-year).
- 2022: Revenue of $117K, expenses of $114K, and assets of $114K (revenue -0.6% year-over-year).
- 2021: Revenue of $118K, expenses of $109K, and assets of $113K (revenue +48.0% year-over-year).
- 2020: Revenue of $80K, expenses of $69K, and assets of $123K (revenue -44.7% year-over-year).
- 2019: Revenue of $144K, expenses of $154K, and assets of $92K (revenue -29.3% year-over-year).
- 2018: Revenue of $203K, expenses of $199K, and assets of $102K (revenue +397.7% year-over-year).
- 2017: Revenue of $41K, expenses of $35K, and assets of $97K (revenue -34.5% year-over-year).
- 2016: Revenue of $62K, expenses of $35K, and assets of $92K (revenue +30.8% year-over-year).
- 2015: Revenue of $48K, expenses of $24K, and assets of $75K (revenue -18.5% year-over-year).
- 2014: Revenue of $59K, expenses of $47K, and assets of $40K (revenue +53.2% year-over-year).
- 2013: Revenue of $38K, expenses of $36K, and assets of $28K (revenue -27.0% year-over-year).
- 2012: Revenue of $52K, expenses of $32K, and assets of $27K (revenue +96.0% year-over-year).
- 2011: Revenue of $27K, expenses of $35K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norwegian American Chamber Of Commerce Mid Atlantic Chapter Inc:
Data Sources and Methodology
This transparency report for Norwegian American Chamber Of Commerce Mid Atlantic Chapter 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.