Simpsonville Chamber Of Commerce
EIN: 570705356 · Simpsonville, SC · NTEE: S41Z
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $264K |
| Net Assets | $107K |
Is Simpsonville 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 Simpsonville Chamber Of Commerce
Simpsonville Chamber Of Commerce (EIN: 570705356) is a nonprofit organization based in Simpsonville, SC, classified under NTEE code S41Z. The organization reported total revenue of $392K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simpsonville Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simpsonville Chamber Of Commerce is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $264K |
| Surplus / Deficit | +$42K |
| Total Assets | $107K |
| Net Assets | $107K |
| Operating Margin | 13.8% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Simpsonville Chamber Of Commerce reported a surplus of $42K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2023), Simpsonville Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -11.3% | +65.3% |
| 2022 | +54.3% | +46.2% | +35.5% |
| 2021 | +32.3% | +27.5% | -11.0% |
| 2020 | -32.5% | -28.1% | -4.2% |
| 2019 | +34.1% | +20.3% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Simpsonville 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 Simpsonville 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 surplus of $42K, with revenue exceeding expenses.
Frequently Asked Questions about Simpsonville Chamber Of Commerce
Is Simpsonville Chamber Of Commerce a legitimate charity?
Simpsonville Chamber Of Commerce (EIN: 570705356) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $392K. No red flags identified. Financial health grade: A.
How does Simpsonville Chamber Of Commerce spend its money?
Simpsonville Chamber Of Commerce reported $392K 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 Simpsonville Chamber Of Commerce tax-deductible?
Simpsonville Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 570705356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simpsonville Chamber Of Commerce located?
Simpsonville Chamber Of Commerce is headquartered in Simpsonville, South Carolina and files with the IRS under EIN 570705356. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Simpsonville Chamber Of Commerce have?
Simpsonville Chamber Of Commerce 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 $392K in total revenue.
Filing History
IRS 990 filing history for Simpsonville Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Simpsonville Chamber Of Commerce's revenue has grown by 126.2%, moving from $135K to $306K. Total assets decreased by 36.3% over the same period, from $168K to $107K. Total functional expenses rose by 113.3%, from $124K to $264K. In its most recent filing year (2023), Simpsonville Chamber Of Commerce reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $264K | $107K | $0 | — | View 990 |
| 2022 | $315K | $298K | $65K | $0 | — | View 990 |
| 2021 | $204K | $203K | $48K | $0 | — | View 990 |
| 2020 | $154K | $160K | $54K | $6K | — | — |
| 2019 | $228K | $222K | $56K | $3K | — | View 990 |
| 2018 | $170K | $184K | $49K | $2K | — | View 990 |
| 2017 | $157K | $172K | $64K | $3K | — | View 990 |
| 2016 | $170K | $176K | $80K | $3K | — | View 990 |
| 2015 | $165K | $139K | $85K | $2K | — | View 990 |
| 2015 | $95K | $170K | $59K | $2K | — | View 990 |
| 2014 | $128K | $143K | $135K | $2K | — | View 990 |
| 2013 | $103K | $123K | $149K | $2K | — | View 990 |
| 2012 | $135K | $124K | $168K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $264K, and assets of $107K (revenue -2.6% year-over-year).
- 2022: Revenue of $315K, expenses of $298K, and assets of $65K (revenue +54.3% year-over-year).
- 2021: Revenue of $204K, expenses of $203K, and assets of $48K (revenue +32.3% year-over-year).
- 2020: Revenue of $154K, expenses of $160K, and assets of $54K (revenue -32.5% year-over-year).
- 2019: Revenue of $228K, expenses of $222K, and assets of $56K (revenue +34.1% year-over-year).
- 2018: Revenue of $170K, expenses of $184K, and assets of $49K (revenue +8.6% year-over-year).
- 2017: Revenue of $157K, expenses of $172K, and assets of $64K (revenue -8.1% year-over-year).
- 2016: Revenue of $170K, expenses of $176K, and assets of $80K (revenue +3.1% year-over-year).
- 2015: Revenue of $165K, expenses of $139K, and assets of $85K (revenue +74.8% year-over-year).
- 2015: Revenue of $95K, expenses of $170K, and assets of $59K (revenue -26.1% year-over-year).
- 2014: Revenue of $128K, expenses of $143K, and assets of $135K (revenue +24.3% year-over-year).
- 2013: Revenue of $103K, expenses of $123K, and assets of $149K (revenue -24.0% year-over-year).
- 2012: Revenue of $135K, expenses of $124K, and assets of $168K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simpsonville Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Simpsonville 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.