Springfield Chamber Of Commerce
EIN: 610540637 · Springfield, KY · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $41K |
| Net Assets | $43K |
Is Springfield 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 Springfield Chamber Of Commerce
Springfield Chamber Of Commerce (EIN: 610540637) is a nonprofit organization based in Springfield, KY, classified under NTEE code S41. The organization reported total revenue of $80K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springfield Chamber Of Commerce is a micro nonprofit that has been operating for 11 years, with 3 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $41K |
| Surplus / Deficit | +$724 |
| Total Assets | $45K |
| Total Liabilities | $2K |
| Net Assets | $43K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Springfield Chamber Of Commerce reported a surplus of $724 with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 3 years of filings (2017–2023), Springfield Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +13.9% | +25.1% |
| 2019 | +8.7% | +78.9% | +79.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Springfield 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 Springfield 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 $724, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Springfield Chamber Of Commerce
Is Springfield Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Chamber Of Commerce (EIN: 610540637) insufficient data. 0 red flags identified, 0 strengths noted.
How does Springfield Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Springfield Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Springfield Chamber Of Commerce tax-deductible?
Springfield Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 610540637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Springfield Chamber Of Commerce located?
Springfield Chamber Of Commerce is headquartered in Springfield, Kentucky and files with the IRS under EIN 610540637. It is classified under NTEE code S41.
How many years of IRS 990 filings does Springfield Chamber Of Commerce have?
Springfield Chamber Of Commerce has 3 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 $80K in total revenue.
Filing History
IRS 990 filing history for Springfield Chamber Of Commerce showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2017–2023), Springfield Chamber Of Commerce's revenue has grown by 7.6%, moving from $39K to $42K. Total assets increased by 125.1% over the same period, from $20K to $45K. Total functional expenses rose by 103.8%, from $20K to $41K. In its most recent filing year (2023), Springfield Chamber Of Commerce reported a surplus of $724, with revenue exceeding expenses. The organization holds $2K in liabilities against $45K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $41K | $45K | $2K | — | — |
| 2019 | $42K | $36K | $36K | $3K | — | View 990 |
| 2017 | $39K | $20K | $20K | $567 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $41K, and assets of $45K (revenue -1.0% year-over-year).
- 2019: Revenue of $42K, expenses of $36K, and assets of $36K (revenue +8.7% year-over-year).
- 2017: Revenue of $39K, expenses of $20K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springfield Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Springfield 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.