Swedish American Chamber Of Commerce Of The Usa Inc
Swedish American Chamber of Commerce consistently operates near break-even with no reported executive compensation.
EIN: 133871781 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
Is Swedish American Chamber Of Commerce Of The Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swedish American Chamber Of Commerce Of The Usa Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swedish American Chamber Of Commerce Of The Usa Inc
Swedish American Chamber Of Commerce Of The Usa Inc (EIN: 133871781) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $691K and total assets of $409K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swedish American Chamber Of Commerce Of The Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swedish American Chamber Of Commerce Of The Usa Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $649K |
| Total Expenses | $649K |
| Surplus / Deficit | $-737 |
| Total Assets | $519K |
| Total Liabilities | $220K |
| Net Assets | $299K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 42.5% |
| Months of Reserves | 9.6 months |
Financial Health Grade: B
In 2023, Swedish American Chamber Of Commerce Of The Usa Inc reported a deficit of $737 with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.5% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Swedish American Chamber Of Commerce Of The Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -2.6% | -6.6% |
| 2022 | +62.4% | +61.2% | +41.3% |
| 2021 | +8.8% | -0.6% | -3.7% |
| 2020 | -12.9% | -3.3% | +7.5% |
| 2019 | +15.9% | +23.5% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2016 |
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 Swedish American Chamber Of Commerce Of The Usa Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Swedish American Chamber Of Commerce Of The Usa Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $737, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenues consistently over $300,000 and suggests a volunteer-driven leadership or that compensation is covered by other entities, significantly reducing administrative overhead.
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 Swedish American Chamber Of Commerce Of The Usa Inc's IRS 990 filings:
- Consistent near break-even operations could limit capacity for future growth or unexpected expenses without significant reserve accumulation.
Strengths
The following positive indicators were identified for Swedish American Chamber Of Commerce Of The Usa Inc:
- Consistent growth in assets, from $189,938 in 2016 to $518,893 in 2023, demonstrates increasing financial capacity.
- 0% officer compensation reported across all filings indicates extremely low executive overhead and high efficiency.
- Expenses closely tracking revenues suggest efficient utilization of funds towards its mission.
- Stable revenue generation, with latest revenue at $690,549, supports ongoing operations.
Frequently Asked Questions about Swedish American Chamber Of Commerce Of The Usa Inc
Is Swedish American Chamber Of Commerce Of The Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Swedish American Chamber Of Commerce Of The Usa Inc (EIN: 133871781) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Swedish American Chamber Of Commerce Of The Usa Inc spend its money?
Swedish American Chamber Of Commerce Of The Usa Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Swedish American Chamber Of Commerce Of The Usa Inc tax-deductible?
Swedish American Chamber Of Commerce Of The Usa Inc is registered as a tax-exempt nonprofit (EIN: 133871781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Swedish American Chamber Of Commerce Of The USA Inc. financially stable?
Yes, the organization appears financially stable. While it often operates near break-even (e.g., 2023 revenue of $648,660 vs. expenses of $649,397), its assets have consistently grown from $189,938 in 2016 to $518,893 in 2023, indicating a healthy financial trajectory and capacity.
How efficient is the organization's spending?
The organization demonstrates high spending efficiency. With 0% officer compensation reported across all filings and expenses closely matching revenues, a significant portion of its funds are likely directed towards its programs and operational costs rather than executive salaries or excessive reserves.
Does the organization have high administrative costs?
Based on the 0% officer compensation, the organization appears to have very low administrative costs related to executive salaries. This suggests a lean operational structure, contributing to higher overall efficiency.
Filing History
IRS 990 filing history for Swedish American Chamber Of Commerce Of The Usa Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Swedish American Chamber Of Commerce Of The Usa Inc's revenue has grown by 97.3%, moving from $329K to $649K. Total assets increased by 173.2% over the same period, from $190K to $519K. Total functional expenses rose by 167.4%, from $243K to $649K. In its most recent filing year (2023), Swedish American Chamber Of Commerce Of The Usa Inc reported a deficit of $737, with expenses exceeding revenue. The organization holds $220K in liabilities against $519K in assets (debt-to-asset ratio: 42.5%), resulting in net assets of $299K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $649K | $649K | $519K | $220K | — | — |
| 2022 | $713K | $667K | $555K | $257K | — | View 990 |
| 2021 | $439K | $413K | $393K | $130K | — | View 990 |
| 2020 | $403K | $416K | $408K | $168K | — | View 990 |
| 2019 | $463K | $430K | $380K | $154K | — | — |
| 2018 | $400K | $348K | $321K | $129K | — | View 990 |
| 2017 | $391K | $331K | $306K | $165K | — | View 990 |
| 2016 | $329K | $243K | $190K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $649K, expenses of $649K, and assets of $519K (revenue -9.0% year-over-year).
- 2022: Revenue of $713K, expenses of $667K, and assets of $555K (revenue +62.4% year-over-year).
- 2021: Revenue of $439K, expenses of $413K, and assets of $393K (revenue +8.8% year-over-year).
- 2020: Revenue of $403K, expenses of $416K, and assets of $408K (revenue -12.9% year-over-year).
- 2019: Revenue of $463K, expenses of $430K, and assets of $380K (revenue +15.9% year-over-year).
- 2018: Revenue of $400K, expenses of $348K, and assets of $321K (revenue +2.2% year-over-year).
- 2017: Revenue of $391K, expenses of $331K, and assets of $306K (revenue +19.0% year-over-year).
- 2016: Revenue of $329K, expenses of $243K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swedish American Chamber Of Commerce Of The Usa Inc:
Data Sources and Methodology
This transparency report for Swedish American Chamber Of Commerce Of The Usa Inc 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.