Ocean Community Chamber Foundation
EIN: 50494495 · Westerly, RI · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $99K |
| Net Assets | $114K |
Is Ocean Community Chamber Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Community Chamber Foundation
Ocean Community Chamber Foundation (EIN: 50494495) is a nonprofit organization based in Westerly, RI, classified under NTEE code B60. The organization reported total revenue of $133K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Community Chamber Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Community Chamber Foundation is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $99K |
| Surplus / Deficit | +$184 |
| Total Assets | $161K |
| Total Liabilities | $46K |
| Net Assets | $114K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Ocean Community Chamber Foundation reported a surplus of $184 with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Community Chamber Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | +27.2% | +4.3% |
| 2022 | -10.4% | -55.1% | +21.1% |
| 2021 | -36.5% | +70.6% | -30.8% |
| 2020 | +57.6% | +2.4% | +26.4% |
| 2019 | -27.3% | -58.7% | +48.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ocean Community Chamber Foundation 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 Ocean Community Chamber Foundation 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 $184, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.9%.
Frequently Asked Questions about Ocean Community Chamber Foundation
Is Ocean Community Chamber Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Community Chamber Foundation (EIN: 50494495) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ocean Community Chamber Foundation spend its money?
Detailed spending breakdown data is not yet available for Ocean Community Chamber Foundation. Check back for updated IRS 990 analysis.
Are donations to Ocean Community Chamber Foundation tax-deductible?
Ocean Community Chamber Foundation is registered as a tax-exempt nonprofit (EIN: 50494495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Community Chamber Foundation located?
Ocean Community Chamber Foundation is headquartered in Westerly, Rhode Island and files with the IRS under EIN 50494495. It is classified under NTEE code B60.
How many years of IRS 990 filings does Ocean Community Chamber Foundation have?
Ocean Community Chamber Foundation 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 $133K in total revenue.
Filing History
IRS 990 filing history for Ocean Community Chamber Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Community Chamber Foundation's revenue has grown by 51.1%, moving from $66K to $99K. Total assets increased by 195.3% over the same period, from $54K to $161K. Total functional expenses rose by 34.2%, from $74K to $99K. In its most recent filing year (2023), Ocean Community Chamber Foundation reported a surplus of $184, with revenue exceeding expenses. The organization holds $46K in liabilities against $161K in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $99K | $161K | $46K | — | View 990 |
| 2022 | $105K | $78K | $154K | $40K | — | View 990 |
| 2021 | $117K | $173K | $127K | $40K | — | — |
| 2020 | $184K | $102K | $184K | $40K | — | View 990 |
| 2019 | $116K | $99K | $145K | $84K | — | View 990 |
| 2018 | $160K | $240K | $98K | $53K | — | View 990 |
| 2017 | $174K | $104K | $124K | $0 | — | View 990 |
| 2016 | $116K | $99K | $54K | $0 | — | View 990 |
| 2015 | $60K | $77K | $38K | $0 | — | View 990 |
| 2014 | $98K | $98K | $55K | $0 | — | View 990 |
| 2013 | $488K | $479K | $56K | $222 | — | View 990 |
| 2012 | $131K | $140K | $46K | $162 | — | View 990 |
| 2011 | $66K | $74K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $99K, and assets of $161K (revenue -5.3% year-over-year).
- 2022: Revenue of $105K, expenses of $78K, and assets of $154K (revenue -10.4% year-over-year).
- 2021: Revenue of $117K, expenses of $173K, and assets of $127K (revenue -36.5% year-over-year).
- 2020: Revenue of $184K, expenses of $102K, and assets of $184K (revenue +57.6% year-over-year).
- 2019: Revenue of $116K, expenses of $99K, and assets of $145K (revenue -27.3% year-over-year).
- 2018: Revenue of $160K, expenses of $240K, and assets of $98K (revenue -8.0% year-over-year).
- 2017: Revenue of $174K, expenses of $104K, and assets of $124K (revenue +50.7% year-over-year).
- 2016: Revenue of $116K, expenses of $99K, and assets of $54K (revenue +93.6% year-over-year).
- 2015: Revenue of $60K, expenses of $77K, and assets of $38K (revenue -39.3% year-over-year).
- 2014: Revenue of $98K, expenses of $98K, and assets of $55K (revenue -79.9% year-over-year).
- 2013: Revenue of $488K, expenses of $479K, and assets of $56K (revenue +273.0% year-over-year).
- 2012: Revenue of $131K, expenses of $140K, and assets of $46K (revenue +99.8% year-over-year).
- 2011: Revenue of $66K, expenses of $74K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Community Chamber Foundation:
Data Sources and Methodology
This transparency report for Ocean Community Chamber Foundation 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.