Southeastern Chamber Of Commerce
Southeastern Chamber Of Commerce operates on a tight budget with minimal assets and recurring liabilities.
EIN: 141937828 · N Charleston, SC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $63K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $62,187 |
| Net Assets | $-5,441 |
| Transparency Score | 65/100 |
Is Southeastern Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeastern Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeastern Chamber Of Commerce
Southeastern Chamber Of Commerce (EIN: 141937828) is a nonprofit organization based in N Charleston, SC, classified under NTEE code S41. The organization reported total revenue of $62K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Chamber Of Commerce is a micro nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $63K |
| Surplus / Deficit | $-1,074 |
| Total Assets | $1K |
| Total Liabilities | $6K |
| Net Assets | $-5,441 |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 625.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2020, Southeastern Chamber Of Commerce reported a deficit of $1K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 625.2% (high leverage).
Financial Trends
Over 7 years of filings (2014–2020), Southeastern Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +98.2% | +63.1% | +103500.0% |
| 2019 | +26.7% | +87.3% | -100.0% |
| 2018 | -7.0% | -19.4% | +40410.0% |
| 2017 | -2.0% | -15.4% | -90.0% |
| 2016 | -45.2% | -39.9% | -95.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeastern Chamber Of Commerce with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Southeastern Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 625.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers received compensation, which is highly favorable for an organization of its size ($62,187 latest revenue).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southeastern Chamber Of Commerce's IRS 990 filings:
- Liabilities ($6,477 in 202012) significantly exceed assets ($1,036 in 202012), indicating potential financial strain.
- Minimal asset base ($1,036 in 202012) suggests a lack of financial reserves for future operations or unexpected events.
- Operating at a deficit in multiple years (e.g., 202012, 201912, 201612, 201512) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Southeastern Chamber Of Commerce:
- Consistent 0% officer compensation across all filings, demonstrating a commitment to minimizing administrative overhead related to executive pay.
- Regularly files IRS 990s, indicating good transparency and compliance.
- Revenue growth in the latest period (202012 revenue of $62,187, up from $31,378 in 201912).
Frequently Asked Questions about Southeastern Chamber Of Commerce
Is Southeastern Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Chamber Of Commerce (EIN: 141937828) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Southeastern Chamber Of Commerce spend its money?
Southeastern Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeastern Chamber Of Commerce tax-deductible?
Southeastern Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 141937828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southeastern Chamber Of Commerce CEO make?
Southeastern Chamber Of Commerce's highest-compensated officer earns $62,187 annually. The organization reported $62K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southeastern Chamber Of Commerce's spending goes to programs?
Southeastern Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southeastern Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 65/100 (Good), Southeastern Chamber Of Commerce is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southeastern Chamber Of Commerce located?
Southeastern Chamber Of Commerce is headquartered in N Charleston, South Carolina and files with the IRS under EIN 141937828. It is classified under NTEE code S41.
How many years of IRS 990 filings does Southeastern Chamber Of Commerce have?
Southeastern Chamber Of Commerce has 7 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 $62K in total revenue.
Is Southeastern Chamber Of Commerce financially stable?
Based on the latest filing (202012), the organization has very low assets ($1,036) and liabilities ($6,477) significantly exceeding assets, suggesting a lack of financial reserves and potential instability.
How has the organization's revenue trended?
Revenue has fluctuated, ranging from $24,757 in 201812 to $62,187 in 202012, showing growth in recent years but also inconsistency.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all seven available filings, indicating no salaries or other compensation for its officers.
Filing History
IRS 990 filing history for Southeastern Chamber Of Commerce showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2020), Southeastern Chamber Of Commerce's revenue has grown by 123.8%, moving from $28K to $62K. Total assets decreased by 68.1% over the same period, from $3K to $1K. Total functional expenses rose by 157.8%, from $25K to $63K. In its most recent filing year (2020), Southeastern Chamber Of Commerce reported a deficit of $1K, with expenses exceeding revenue. The organization holds $6K in liabilities against $1K in assets (debt-to-asset ratio: 625.2%), resulting in net assets of $-5,441.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $62K | $63K | $1K | $6K | — | — |
| 2019 | $31K | $39K | $1 | $4K | — | — |
| 2018 | $25K | $21K | $4K | $1K | — | View 990 |
| 2017 | $27K | $26K | $10 | $1K | — | View 990 |
| 2016 | $27K | $30K | $100 | $1K | — | View 990 |
| 2015 | $50K | $51K | $2K | $0 | — | View 990 |
| 2014 | $28K | $25K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $62K, expenses of $63K, and assets of $1K (revenue +98.2% year-over-year).
- 2019: Revenue of $31K, expenses of $39K, and assets of $1 (revenue +26.7% year-over-year).
- 2018: Revenue of $25K, expenses of $21K, and assets of $4K (revenue -7.0% year-over-year).
- 2017: Revenue of $27K, expenses of $26K, and assets of $10 (revenue -2.0% year-over-year).
- 2016: Revenue of $27K, expenses of $30K, and assets of $100 (revenue -45.2% year-over-year).
- 2015: Revenue of $50K, expenses of $51K, and assets of $2K (revenue +78.7% year-over-year).
- 2014: Revenue of $28K, expenses of $25K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Southeastern 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.