Swedish American Chamber Of Commmerce
Swedish American Chamber of Commerce shows recent financial recovery after several years of operating deficits.
EIN: 131362880 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $563K |
| Transparency Score | 85/100 |
Is Swedish American Chamber Of Commmerce 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 Commmerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swedish American Chamber Of Commmerce
Swedish American Chamber Of Commmerce (EIN: 131362880) is a nonprofit organization based in New York, NY. The organization reported total revenue of $1.7M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swedish American Chamber Of Commmerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swedish American Chamber Of Commmerce is a mid-size nonprofit that has been operating for 108 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$357K |
| Total Assets | $2.0M |
| Total Liabilities | $1.5M |
| Net Assets | $563K |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 72.2% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Swedish American Chamber Of Commmerce reported a surplus of $357K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 72.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Swedish American Chamber Of Commmerce's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | -28.6% | -41.9% |
| 2022 | +6.6% | -2.0% | +169.8% |
| 2021 | -7.6% | -11.8% | +2.6% |
| 2020 | -27.7% | -10.5% | -41.0% |
| 2019 | +104.4% | +29.9% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1918 |
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 Commmerce 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Swedish American Chamber Of Commmerce allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $357K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either uncompensated or compensated through other means not reported as direct officer compensation on the 990, which is a strong positive for financial efficiency.
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 Commmerce's IRS 990 filings:
- Multiple years of operating deficits (e.g., 2022, 2021, 2020, 2019, 2018, 2017)
- Liabilities exceeded assets in 2022 ($3,935,246 liabilities vs. $3,484,581 assets)
Strengths
The following positive indicators were identified for Swedish American Chamber Of Commmerce:
- Positive net income in the most recent 2023 filing ($357,159 surplus)
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive pay
- Long history of IRS 990 filings (14 filings), suggesting consistent compliance and transparency
Frequently Asked Questions about Swedish American Chamber Of Commmerce
Is Swedish American Chamber Of Commmerce a legitimate charity?
Swedish American Chamber Of Commmerce (EIN: 131362880) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Swedish American Chamber Of Commmerce spend its money?
Swedish American Chamber Of Commmerce directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Swedish American Chamber Of Commmerce tax-deductible?
Swedish American Chamber Of Commmerce is registered as a tax-exempt nonprofit (EIN: 131362880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Swedish American Chamber Of Commmerce's spending goes to programs?
Swedish American Chamber Of Commmerce directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Swedish American Chamber Of Commmerce located?
Swedish American Chamber Of Commmerce is headquartered in New York, New York and files with the IRS under EIN 131362880.
How many years of IRS 990 filings does Swedish American Chamber Of Commmerce have?
Swedish American Chamber Of Commmerce has 14 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 $1.7M in total revenue.
Is the Swedish American Chamber of Commerce financially stable?
While the organization experienced deficits in several recent years (e.g., 2022, 2021, 2020), the latest 2023 filing shows a positive net income of $357,159 ($1,710,263 revenue vs. $1,353,104 expenses), indicating an improvement in financial stability.
How does the organization manage its executive compensation?
All available IRS 990 filings consistently report 0% officer compensation, suggesting that the organization's leadership is not directly compensated through the organization's reported expenses, which is highly efficient.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, peaking at $3,484,581 in 2022 and then decreasing to $2,023,393 in 2023. Liabilities also saw a significant increase in 2022 to $3,935,246, exceeding assets, but then decreased to $1,460,535 in 2023, bringing liabilities below assets again.
Filing History
IRS 990 filing history for Swedish American Chamber Of Commmerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Swedish American Chamber Of Commmerce's revenue has grown by 41.1%, moving from $1.2M to $1.7M. Total assets decreased by 28.1% over the same period, from $2.8M to $2.0M. Total functional expenses rose by 11.8%, from $1.2M to $1.4M. In its most recent filing year (2023), Swedish American Chamber Of Commmerce reported a surplus of $357K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 72.2%), resulting in net assets of $563K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.4M | $2.0M | $1.5M | — | — |
| 2022 | $1.7M | $1.9M | $3.5M | $3.9M | — | View 990 |
| 2021 | $1.6M | $1.9M | $1.3M | $931K | — | View 990 |
| 2020 | $1.7M | $2.2M | $1.3M | $542K | — | — |
| 2019 | $2.4M | $2.4M | $2.1M | $959K | — | View 990 |
| 2018 | $1.2M | $1.9M | $2.2M | $942K | — | View 990 |
| 2017 | $1.5M | $1.6M | $2.9M | $968K | — | View 990 |
| 2016 | $1.7M | $1.6M | $3.3M | $1.1M | — | View 990 |
| 2015 | $1.6M | $1.6M | $3.3M | $1.1M | — | View 990 |
| 2014 | $1.7M | $1.6M | $3.0M | $817K | — | View 990 |
| 2013 | $1.7M | $1.6M | $2.9M | $747K | — | View 990 |
| 2012 | $1.6M | $1.5M | $3.0M | $804K | — | View 990 |
| 2011 | $1.7M | $1.6M | $3.0M | $878K | — | View 990 |
| 2010 | $1.2M | $1.2M | $2.8M | $799K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $2.0M (revenue +1.5% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.9M, and assets of $3.5M (revenue +6.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.9M, and assets of $1.3M (revenue -7.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.2M, and assets of $1.3M (revenue -27.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $2.1M (revenue +104.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.9M, and assets of $2.2M (revenue -20.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $2.9M (revenue -12.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $3.3M (revenue +2.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $3.3M (revenue -2.2% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $3.0M (revenue -0.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $2.9M (revenue +0.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $3.0M (revenue -0.6% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $3.0M (revenue +36.8% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.2M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swedish American Chamber Of Commmerce:
Data Sources and Methodology
This transparency report for Swedish American Chamber Of Commmerce 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.