Pleasure Island Chamber Of Commerce Ltd
EIN: 561075795 · Carolina Bch, NC
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $247K |
| Net Assets | $117K |
Is Pleasure Island Chamber Of Commerce Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pleasure Island Chamber Of Commerce Ltd
Pleasure Island Chamber Of Commerce Ltd (EIN: 561075795) is a nonprofit organization based in Carolina Bch, NC. The organization reported total revenue of $267K and total assets of $181K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pleasure Island Chamber Of Commerce Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pleasure Island Chamber Of Commerce Ltd is a small nonprofit that has been operating for 3 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $267K |
| Total Expenses | $247K |
| Surplus / Deficit | +$20K |
| Total Assets | $181K |
| Total Liabilities | $64K |
| Net Assets | $117K |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 35.5% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Pleasure Island Chamber Of Commerce Ltd reported a surplus of $20K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 35.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pleasure Island Chamber Of Commerce Ltd's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +11.2% | +12.5% |
| 2022 | +5.1% | +38.9% | +9.4% |
| 2021 | +158.6% | +15.4% | +119.2% |
| 2020 | -75.3% | -57.7% | +18.1% |
| 2019 | -5.5% | +8.7% | -68.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pleasure Island Chamber Of Commerce Ltd 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 Pleasure Island Chamber Of Commerce Ltd 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.5%.
Frequently Asked Questions about Pleasure Island Chamber Of Commerce Ltd
Is Pleasure Island Chamber Of Commerce Ltd a legitimate charity?
Pleasure Island Chamber Of Commerce Ltd (EIN: 561075795) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $267K. No red flags identified. Financial health grade: A.
How does Pleasure Island Chamber Of Commerce Ltd spend its money?
Pleasure Island Chamber Of Commerce Ltd reported $267K 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 Pleasure Island Chamber Of Commerce Ltd tax-deductible?
Pleasure Island Chamber Of Commerce Ltd is registered as a tax-exempt nonprofit (EIN: 561075795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pleasure Island Chamber Of Commerce Ltd located?
Pleasure Island Chamber Of Commerce Ltd is headquartered in Carolina Bch, North Carolina and files with the IRS under EIN 561075795.
How many years of IRS 990 filings does Pleasure Island Chamber Of Commerce Ltd have?
Pleasure Island Chamber Of Commerce Ltd 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 $267K in total revenue.
Filing History
IRS 990 filing history for Pleasure Island Chamber Of Commerce Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pleasure Island Chamber Of Commerce Ltd's revenue has declined by 26.9%, moving from $365K to $267K. Total assets decreased by 7.3% over the same period, from $195K to $181K. Total functional expenses fell by 32.2%, from $364K to $247K. In its most recent filing year (2023), Pleasure Island Chamber Of Commerce Ltd reported a surplus of $20K, with revenue exceeding expenses. The organization holds $64K in liabilities against $181K in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $267K | $247K | $181K | $64K | — | — |
| 2022 | $235K | $222K | $161K | $64K | — | View 990 |
| 2021 | $224K | $160K | $147K | $64K | — | View 990 |
| 2020 | $87K | $138K | $67K | $63K | — | — |
| 2019 | $351K | $327K | $57K | $4K | — | — |
| 2018 | $371K | $301K | $183K | $10K | — | View 990 |
| 2017 | $506K | $533K | $124K | $12K | — | View 990 |
| 2016 | $343K | $353K | $181K | $41K | — | View 990 |
| 2015 | $440K | $540K | $187K | $37K | — | — |
| 2014 | $486K | $474K | $285K | $36K | — | View 990 |
| 2013 | $453K | $447K | $268K | $31K | — | View 990 |
| 2012 | $515K | $451K | $257K | $27K | — | View 990 |
| 2011 | $365K | $364K | $195K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $267K, expenses of $247K, and assets of $181K (revenue +13.5% year-over-year).
- 2022: Revenue of $235K, expenses of $222K, and assets of $161K (revenue +5.1% year-over-year).
- 2021: Revenue of $224K, expenses of $160K, and assets of $147K (revenue +158.6% year-over-year).
- 2020: Revenue of $87K, expenses of $138K, and assets of $67K (revenue -75.3% year-over-year).
- 2019: Revenue of $351K, expenses of $327K, and assets of $57K (revenue -5.5% year-over-year).
- 2018: Revenue of $371K, expenses of $301K, and assets of $183K (revenue -26.7% year-over-year).
- 2017: Revenue of $506K, expenses of $533K, and assets of $124K (revenue +47.6% year-over-year).
- 2016: Revenue of $343K, expenses of $353K, and assets of $181K (revenue -22.1% year-over-year).
- 2015: Revenue of $440K, expenses of $540K, and assets of $187K (revenue -9.3% year-over-year).
- 2014: Revenue of $486K, expenses of $474K, and assets of $285K (revenue +7.2% year-over-year).
- 2013: Revenue of $453K, expenses of $447K, and assets of $268K (revenue -12.0% year-over-year).
- 2012: Revenue of $515K, expenses of $451K, and assets of $257K (revenue +40.8% year-over-year).
- 2011: Revenue of $365K, expenses of $364K, and assets of $195K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pleasure Island Chamber Of Commerce Ltd:
Data Sources and Methodology
This transparency report for Pleasure Island Chamber Of Commerce Ltd 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.