Oologah Area Chamber Of Commerce
EIN: 731217642 · Oologah, OK · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $28K |
| Total Expenses | $30K |
| Net Assets | $24K |
Is Oologah Area Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Oologah Area Chamber Of Commerce
Oologah Area Chamber Of Commerce (EIN: 731217642) is a nonprofit organization based in Oologah, OK, classified under NTEE code S20. The organization reported total revenue of $28K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oologah Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oologah Area Chamber Of Commerce is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $30K |
| Surplus / Deficit | $-1,735 |
| Total Assets | $24K |
| Total Liabilities | $1 |
| Net Assets | $24K |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, Oologah Area Chamber Of Commerce reported a deficit of $2K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Oologah Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +26.9% | +2365600.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Oologah Area Chamber Of Commerce 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 Oologah Area Chamber Of Commerce 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Oologah Area Chamber Of Commerce
Is Oologah Area Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Oologah Area Chamber Of Commerce (EIN: 731217642) insufficient data. 0 red flags identified, 0 strengths noted.
How does Oologah Area Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Oologah Area Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Oologah Area Chamber Of Commerce tax-deductible?
Oologah Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 731217642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Oologah Area Chamber Of Commerce located?
Oologah Area Chamber Of Commerce is headquartered in Oologah, Oklahoma and files with the IRS under EIN 731217642. It is classified under NTEE code S20.
How many years of IRS 990 filings does Oologah Area Chamber Of Commerce have?
Oologah Area Chamber Of Commerce has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $28K in total revenue.
Filing History
IRS 990 filing history for Oologah Area Chamber Of Commerce showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Oologah Area Chamber Of Commerce's revenue has grown by 1.3%, moving from $28K to $29K. Total assets increased by 2365600% over the same period, from $1 to $24K. Total functional expenses rose by 26.9%, from $24K to $30K. In its most recent filing year (2023), Oologah Area Chamber Of Commerce reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $30K | $24K | $1 | — | — |
| 2022 | $28K | $24K | $1 | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oologah Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Oologah Area 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.