Southern Monmouth Chamber Of Commerce
Southern Monmouth Chamber of Commerce: Stable Finances, High Administrative Costs
EIN: 222398689 · Wall, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $339K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $160K |
| Transparency Score | 65/100 |
Is Southern Monmouth 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 →
Southern Monmouth Chamber Of Commerce directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Southern Monmouth Chamber Of Commerce
Southern Monmouth Chamber Of Commerce (EIN: 222398689) is a nonprofit organization based in Wall, NJ. The organization reported total revenue of $366K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Monmouth Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Monmouth Chamber Of Commerce is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $339K |
| Surplus / Deficit | $-24,698 |
| Total Assets | $179K |
| Total Liabilities | $19K |
| Net Assets | $160K |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, Southern Monmouth Chamber Of Commerce reported a deficit of $25K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Southern Monmouth Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +19.2% | -13.1% |
| 2021 | +26.1% | +42.3% | +14.3% |
| 2020 | -17.8% | -10.3% | +75.8% |
| 2019 | +31.5% | -6.8% | +171.8% |
| 2018 | -7.3% | +1.5% | -24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1983 |
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 Southern Monmouth 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Southern Monmouth Chamber Of Commerce allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-paid leadership structure, which is unusual for an organization of this size.
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 Southern Monmouth Chamber Of Commerce's IRS 990 filings:
- A significant portion of expenses appears to be allocated to administrative functions rather than direct program services, based on the spending breakdown.
- The consistent reporting of $0 for executive compensation raises questions about how leadership roles are compensated or if key personnel are paid through other means not reflected in this line item.
Strengths
The following positive indicators were identified for Southern Monmouth Chamber Of Commerce:
- The organization consistently maintains positive net assets, indicating financial stability over the years.
- Revenue has shown growth in some years, such as from $238,726 in 2020 to $314,114 in 2023, demonstrating fundraising capability.
Frequently Asked Questions about Southern Monmouth Chamber Of Commerce
Is Southern Monmouth Chamber Of Commerce a legitimate charity?
Southern Monmouth Chamber Of Commerce (EIN: 222398689) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $366K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Southern Monmouth Chamber Of Commerce spend its money?
Southern Monmouth Chamber Of Commerce directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Southern Monmouth Chamber Of Commerce tax-deductible?
Southern Monmouth Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 222398689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southern Monmouth Chamber Of Commerce CEO make?
Southern Monmouth Chamber Of Commerce's highest-compensated officer earns $0 annually. The organization reported $366K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southern Monmouth Chamber Of Commerce's spending goes to programs?
Southern Monmouth Chamber Of Commerce directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Southern Monmouth Chamber Of Commerce located?
Southern Monmouth Chamber Of Commerce is headquartered in Wall, New Jersey and files with the IRS under EIN 222398689.
How many years of IRS 990 filings does Southern Monmouth Chamber Of Commerce have?
Southern Monmouth Chamber Of Commerce has 12 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 $366K in total revenue.
What does Southern Monmouth Chamber Of Commerce do?
Southern Monmouth Chamber Of Commerce is a nonprofit organization in the Unknown sector, located in Wall, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Southern Monmouth Chamber Of Commerce have?
Southern Monmouth Chamber Of Commerce reported total revenue of $366,282. Based on 12 IRS 990 filings on record.
What are Southern Monmouth Chamber Of Commerce's total assets?
Southern Monmouth Chamber Of Commerce holds total assets of $172,849 as reported in IRS 990 filings.
Where is Southern Monmouth Chamber Of Commerce located?
Southern Monmouth Chamber Of Commerce is based in Wall, New Jersey.
What is Southern Monmouth Chamber Of Commerce's EIN?
Southern Monmouth Chamber Of Commerce's Employer Identification Number (EIN) is 222398689. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southern Monmouth Chamber Of Commerce?
Southern Monmouth Chamber Of Commerce is classified under NTEE code Unknown (Unknown).
Is Southern Monmouth Chamber Of Commerce a registered 501(c)(3)?
Southern Monmouth Chamber Of Commerce appears in IRS records (EIN: 222398689). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Southern Monmouth Chamber Of Commerce file IRS Form 990?
Yes, Southern Monmouth Chamber Of Commerce has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Southern Monmouth Chamber Of Commerce's revenue in 2023?
In the 202312 filing period, Southern Monmouth Chamber Of Commerce reported total revenue of $314,114, total expenses of $338,812, and net assets of $179,432.
Is Southern Monmouth Chamber Of Commerce's revenue growing or declining?
Southern Monmouth Chamber Of Commerce's revenue is relatively stable. Revenue went from $300,986 (202112) to $314,114 (202312), a +4.4% change. Based on 12 filings on record.
What is Southern Monmouth Chamber Of Commerce's most recent 990 filing?
The most recent IRS Form 990 filing for Southern Monmouth Chamber Of Commerce covers tax period 202312. It shows revenue of $314,114, expenses of $338,812, total assets of $179,432, and liabilities of $19,463.
How much does Southern Monmouth Chamber Of Commerce spend on programs vs administration?
Based on IRS 990 analysis, Southern Monmouth Chamber Of Commerce allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Southern Monmouth Chamber Of Commerce a trustworthy charity?
Based on AI analysis of IRS 990 data, Southern Monmouth Chamber Of Commerce shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Southern Monmouth Chamber Of Commerce?
The following concerns were identified: A significant portion of expenses appears to be allocated to administrative functions rather than direct program services, based on the spending breakdown.. The consistent reporting of $0 for executive compensation raises questions about how leadership roles are compensated or if key personnel are paid through other means not reflected in this line item.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Southern Monmouth Chamber Of Commerce's strengths?
Positive indicators for Southern Monmouth Chamber Of Commerce include: The organization consistently maintains positive net assets, indicating financial stability over the years.. Revenue has shown growth in some years, such as from $238,726 in 2020 to $314,114 in 2023, demonstrating fundraising capability.. These findings are derived from AI analysis of the organization's financial filings.
How does Southern Monmouth Chamber Of Commerce compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-paid leadership structure, which is unusual for an organization of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization attract and retain leadership, and what are the implications for long-term sustainability?
The lack of reported executive compensation suggests either a fully volunteer-led model or that compensation is structured in a way not captured in the standard executive compensation line item. This could be a strength in terms of minimizing overhead but might pose challenges for attracting experienced, full-time leadership in the long run.
Filing History
IRS 990 filing history for Southern Monmouth Chamber Of Commerce showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Southern Monmouth Chamber Of Commerce's revenue has grown by 165.2%, moving from $118K to $314K. Total assets increased by 487.6% over the same period, from $31K to $179K. Total functional expenses rose by 186.3%, from $118K to $339K. In its most recent filing year (2023), Southern Monmouth Chamber Of Commerce reported a deficit of $25K, with expenses exceeding revenue. The organization holds $19K in liabilities against $179K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $160K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $339K | $179K | $19K | — | — |
| 2021 | $301K | $284K | $207K | $33K | — | View 990 |
| 2020 | $239K | $200K | $181K | $46K | — | View 990 |
| 2019 | $290K | $223K | $103K | $6K | — | — |
| 2018 | $221K | $239K | $38K | $9K | — | View 990 |
| 2017 | $238K | $235K | $50K | $4K | — | View 990 |
| 2016 | $247K | $237K | $44K | $1K | — | View 990 |
| 2015 | $210K | $188K | $34K | $0 | — | View 990 |
| 2014 | $175K | $193K | $29K | $16K | — | View 990 |
| 2013 | $163K | $161K | $32K | $5K | — | View 990 |
| 2012 | $152K | $155K | $27K | $0 | — | View 990 |
| 2011 | $118K | $118K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $339K, and assets of $179K (revenue +4.4% year-over-year).
- 2021: Revenue of $301K, expenses of $284K, and assets of $207K (revenue +26.1% year-over-year).
- 2020: Revenue of $239K, expenses of $200K, and assets of $181K (revenue -17.8% year-over-year).
- 2019: Revenue of $290K, expenses of $223K, and assets of $103K (revenue +31.5% year-over-year).
- 2018: Revenue of $221K, expenses of $239K, and assets of $38K (revenue -7.3% year-over-year).
- 2017: Revenue of $238K, expenses of $235K, and assets of $50K (revenue -3.6% year-over-year).
- 2016: Revenue of $247K, expenses of $237K, and assets of $44K (revenue +17.9% year-over-year).
- 2015: Revenue of $210K, expenses of $188K, and assets of $34K (revenue +19.6% year-over-year).
- 2014: Revenue of $175K, expenses of $193K, and assets of $29K (revenue +7.3% year-over-year).
- 2013: Revenue of $163K, expenses of $161K, and assets of $32K (revenue +7.7% year-over-year).
- 2012: Revenue of $152K, expenses of $155K, and assets of $27K (revenue +28.1% year-over-year).
- 2011: Revenue of $118K, expenses of $118K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Monmouth Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Southern Monmouth 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.